# Xclaim

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

- Industry: Financial Services
- Headquarters: Los Angeles, US
- Website: www.x-claim.com
- Total disclosed funding: $11M
- Latest round: Seed (Jun 25, 2021)
- Investors on record: 11

## About

Xclaim Inc., based in the US, operates a specialized marketplace for the trading of bankruptcy claims and distressed debt, facilitating transactions for claim holders seeking immediate liquidity.Founded in 2018, Xclaim Inc. provides a platform for individuals and entities to sell their claims in bankruptcy proceedings. The company is headquartered in Los Angeles, US. Under the leadership of CEO Matt Sedigh, Xclaim has successfully raised a total of USD 0.50 mn, with the most recent funding round, a Series A, completed on April 11, 2023, which amounted to USD 0.50 mn. The company has engaged in a total of 5 deals since its inception, focusing on a unique niche in the financial market.Xclaim operates a marketplace specifically designed for the trading of bankruptcy claims and distressed debt. Their primary service allows claim holders—individuals or entities with claims in bankruptcy proceedings—to sell their claims to interested buyers, enabling immediate liquidity rather than waiting for potential future distributions. The platform operates on a brokerage model, acting as an intermediary for larger, complex claims, and serves a diverse customer base, including high-profile bankruptcy cases and institutional investors. Xclaim caters to markets in the United States and other international jurisdictions where bankruptcy proceedings are applicable.Xclaim generates revenue primarily through transaction fees on claims sold in its marketplace. When a claim holder opts to sell their claim, Xclaim facilitates the transaction, connecting them with potential buyers and negotiating terms. The revenue model includes a brokerage fee applied to the final sale price, aligned with market values based on real-time data and activity. The company emphasizes a transparent pricing structure, ensuring a streamlined transaction experience for both sellers and buyers.In April 2023, Xclaim Inc. raised USD 499,989 in Series A funding led by an individual investor. The funding will be utilized to introduce new financial products aimed at increasing market liquidity and accessibility, ultimately promoting the adoption of online trading for bankruptcy claims. The company plans to expand its market reach, targeting additional geographic regions, although specific locations have yet to be disclosed.

## Funding rounds

- Seed, Jun 25, 2021, $6.6M — General Catalyst Partners, First Round Capital, Innovation Ventures, Freestyle VC, Quiet Capital, Luge Capital, Tribe Capital, Pareto Holdings
- Seed, Sep 3, 2020 — FJ Labs
- Seed, Dec 12, 2019, $4M — First Round Capital, Freestyle VC, Luma Pictures, PLG Ventures

## Investors

- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed
- Freestyle VC (https://capitalatlas.ai/funds/freestyle-vc) — Seed
- Luma Pictures — Seed
- PLG Ventures (https://capitalatlas.ai/funds/plg-ventures) — Seed
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed
- Innovation Ventures (https://capitalatlas.ai/funds/innovation-ventures) — Seed
- Quiet Capital (https://capitalatlas.ai/funds/quiet-capital) — Seed
- Luge Capital (https://capitalatlas.ai/funds/luge-capital) — Seed
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Seed
- Pareto Holdings (https://capitalatlas.ai/funds/pareto-holdings) — Seed