Since January of 2019, UK-based AxiaFunder has secured nearly GBP 2 million in funds from investors. So far, the litigation funding platform has funded 13 cases, netting an impressive average investor return of 55%.
Litigation Finance Firm Invests €25 million into Spanish Legal Tech Business
Since January of 2019, UK-based AxiaFunder has secured nearly GBP 2 million in funds from investors. So far, the litigation funding platform has funded 13 cases, netting an impressive average investor return of 55%.
Hedge Week reports that AxiaFunder has eight active cases at present, including its first international case in Barcelona. Other active cases include a shareholder action and a group claim against two retail banks.
Co-founder and CEO Cormac Leech explains that one of the main attractions of litigation funding is its lack of correlation to larger economic conditions. Litigation is simply not impacted by outside economic growth the way that traditional investments are.
AxiaFunder also uses ATE insurance to cover adverse costs where applicable. Funded attorneys often are paid in part by conditional fee agreements.