# Legalist

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/legalist

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.legalist.com
- Total disclosed funding: $10M
- Latest round: Seed (Aug 24, 2016)
- Investors on record: 3

## About

Legalist, Inc. is a technology-driven investment firm based in the US, specializing in alternative investments, particularly in litigation finance and bankruptcy financing, using advanced analytics to identify unique opportunities.Founded in 2016 in San Francisco, US, Legalist, Inc. focuses on technology-enabled alternative investments. The company, established by founders Eva Shang and Marco Tonarelli, has successfully closed 3 investment deals, with its most recent funding round occurring in December 2021, raising USD 400 mn. The firm operates independently without any mention of subsidiaries or parent companies.Legalist specializes in technology-enabled alternative investments, primarily focused on litigation finance, bankruptcy financing, and government receivables. Their core offerings utilize artificial intelligence to analyze public datasets, enabling the identification of lucrative investment opportunities at scale. The firm serves a diverse client base that includes endowments, foundations, hospitals, insurance companies, and family offices, providing them with access to uncorrelated yield through innovative financial solutions. Launched in 2017 after being incubated at Y Combinator, Legalist’s services are targeted primarily at institutional investors seeking to diversify their portfolios, operating across North America and parts of Europe.Legalist generates revenue through its investment management services, structured around alternative asset transactions. The firm engages in partnerships with institutional investors, facilitating investments that align with their financial objectives. These transactions involve fee structures based on a percentage of assets under management or performance-based fees related to the success of specific investments. Legalist's flagship services in litigation finance and bankruptcy financing enable clients to invest in cases with high return potential, driving revenue through successful case resolutions as it grows its client base and expands into new markets.In December 2021, Legalist, Inc. raised USD 400 mn in venture funding, which will be utilized to enhance their technology platform and expand into new markets. The firm is planning to launch new investment products aimed at attracting institutional clients, with a focus on geographic regions including Europe and Asia, intended for rollout within the next two years.

## Funding rounds

- Seed, Aug 24, 2016, $10M — Y Combinator, Vy Capital, Refactor Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Vy Capital (https://capitalatlas.ai/funds/vy-capital) — Seed
- Refactor Capital (https://capitalatlas.ai/funds/refactor-capital) — Seed