The startup operates a litigation funding platform that provides financial backing for individual legal cases, ensuring a capped return on invested capital. By offering a dedicated point of contact, the company facilitates access to necessary resources for law firms facing cash flow challenges during litigation.
Funding
$25M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Law firms often face cash flow challenges during lengthy litigation processes, hindering their ability to access necessary resources and pursue meritorious cases. Traditional funding options may be limited or come with unfavorable terms, creating a barrier to justice for both firms and their clients.
Solution
Thaxted Capital provides litigation funding to law firms, offering financial backing for individual legal cases with a focus on those requiring funding of £1 million or less. The company offers a single, dedicated point of contact throughout the funding process, simplifying communication and decision-making. Thaxted Capital's funding model involves charging multiples of deployed capital, providing a capped return for investors and predictable costs for law firms. The firm welcomes partnering with experienced legal teams with material fees at risk to the success of the case.
Target Audience
The primary target audience consists of law firms, particularly those with a UK regional focus, that require external funding to manage cash flow and resource constraints during litigation.
Features
- Single point of contact for streamlined communication
- Funding for individual cases, with a focus on those requiring £1 million or less
- Capped return structure based on multiples of deployed capital
- Funding can be used to cover historic costs
- Monthly reporting process includes a phone call, written report, and budget update