Legal crowdfunding platform CrowdJustice has secured $2 million in seed funding. Venrock and First Round Capital led the round with participation from Bessemer and Kindred Capital.
CrowdJustice raises $2M seed round from Venrock, First Round
The litigation crowdfunding platform’s seeks to democratize access to the legal system
On Tuesday, 30 May, CrowdJustice (crowdjustice.com) – the world’s first platform to bring crowdfunding to the legal market – will announce a seed raise, led by Venrock and First Round Capital. Other investors are Bessemer, and Kindred Capital in the UK.
CrowdJustice is the world’s first platform for donation-based litigation crowdfunding – helping ordinary people access the law and democratizing participation in legal issues
CrowdJustice has seen hundreds of cases raise over $3M in legal costs, including Supreme Court cases and a “people’s challenge” to Brexit in the UK that won in the Supreme Court, in the UK, where it originally launched in 2015.
On May 30, a powerful David and Goliath story will also launch on the platform – the defense by “Pirate Joe”, a Canadian entrepreneur who buys Trader Joe’s goods in bulk and resells in Canada (where no TJ’s exists), from an appeal by TJ’s trying to crush the “eBay resale model” business. It’s been called one of the top trademark cases of the year.
The round will be used to expand CrowdJustice’s model into the US, from the UK.