Bloomberg Law
Sept. 19, 2019, 11:41 AM UTC

Wake Up Call: AI-Powered Litigation Fund Startup Raises $100 Million

Rick Mitchell
Rick Mitchell
Freelance Correspondent
  • Legalist, a litigation finance start-up managed by a 23-year-old Harvard dropout and backed by a retired federal appeals judge, said it just raised $100 million in its second financing round. That’s about 10 times what it raised in its first round a couple of years ago. The San Francisco startup, which was initially backed by startup incubator Y Combinator and claims to be the world’s first artificial intelligence-powered litigation funder, said it has so far financed 38 cases. (TechCrunch.com)

  • Early on, Legalist got $100,000 from a foundation started by Peter Thiel, the venture capitalist who among other ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.