Litigation funding enabler LegalPay raises funds from Venture Catalysts, others

LegalPay, a New-Delhi based alternative-investments platform specialising in legal financing investments, has raised a Pre-Series A round led by Venture Catalysts and Amity Technology Incubator. The round also saw participation from existing investors including the family office of Ashwini Kakkar (chairman of via.com), venture capital fund 9unicorns and other angels including LetsVenture. LegalPay seeks to democratize investments in alternative-investment products in the legal domain including insolvency financing and litigation funding. It specialises in fixed-income and legal financing products that are asset-backed and have lucrative IRRs ranging between 18% and 30%.