# New Era ADR

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/new-era-adr

- Industry: Software
- Headquarters: Chicago, US
- Website: www.neweraadr.com
- Total disclosed funding: $6.3M
- Latest round: Seed (Feb 24, 2022)
- Investors on record: 4

## About

New Era ADR, Inc., based in the US, is a software company that specializes in providing a fully digital platform for alternative dispute resolution (ADR), focusing on efficiency and transparency in arbitration and mediation processes.New Era ADR, Inc. was founded in 2020 and is headquartered in Chicago, US. The company offers a digital platform designed to streamline arbitration and mediation, catering to businesses and individuals engaged in disputes. The founding team includes Collin Williams, R Tyler, Rich Lee, and Shane Mulrooney, with Rich Lee serving as the CEO. As of November 2023, New Era ADR has secured a total funding amount of USD 6.26 mn, raised during their latest Seed round led by NextView Ventures, and has completed four funding deals to date, with their most recent deal occurring on 2023-11-10.New Era ADR specializes in providing a fully digital alternative dispute resolution (ADR) platform aimed at streamlining the arbitration and mediation processes. Their core offerings include flat-fee arbitrations and mediations, which are structured to resolve disputes within an average of 100 days, thus alleviating common issues associated with litigation gamesmanship and high costs. The platform allows users to easily upload documents, schedule meetings, and present their cases to highly experienced neutrals, who are carefully matched to the parties involved. The end users of New Era ADR's services include businesses and individuals engaged in disputes across various industries, particularly in the United States. The company’s emphasis on transparency and predictability in pricing makes it accessible to a wide range of clients, including legal professionals, corporations, and government entities.Revenue generation at New Era ADR is primarily driven by their flat-fee model, where clients pay a predefined price for dispute resolution services, covering all associated neutral fees. This structure simplifies the transaction process, allowing businesses to budget for dispute resolution without concerns over hidden costs. Clients typically engage with the company on a direct basis, utilizing the platform's arbitration and mediation services to achieve legally binding decisions. The pricing structure is designed to be inclusive and straightforward, offering clear cost expectations from the outset, thus attracting a diverse clientele. This model not only enhances customer satisfaction but also facilitates recurring business as clients may return for additional services in the future.In November 2023, New Era ADR, Inc. raised venture funding to enhance its growth, led by new investor Marquee Ventures, with participation from OnDean and other individual investors. The funding will be utilized to bolster the company's growth, recruit new talent, and further enhance its platform. The company is exploring additional product offerings and is evaluating potential expansion into new markets, although specific regions have not been disclosed. These initiatives are aimed at leveraging their recent funding to drive the next phase of their business development.

## Funding rounds

- Seed, Feb 24, 2022, $6.3M — NextView Ventures, Jump Capital, Alumni Ventures Group, Motivate Venture Capital

## Investors

- NextView Ventures (https://capitalatlas.ai/funds/nextview-ventures) — Seed
- Jump Capital (https://capitalatlas.ai/funds/jump-capital) — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Motivate Venture Capital (https://capitalatlas.ai/funds/motivate-venture-capital) — Seed