The Legaltech startup Qanlex closed a $3M seed round led by Carao Ventures, The LegalTech fund, Preface Ventures, FJ Labs and J Ventures.
The Argentina-based Qanlex offers litigation financing and focuses on continental law countries.
The startup stands at the intersection of the legal, financial, and technological worlds.
The company developed Case Miner, a sourcing algorithm that allows them to invest in meritorious litigations
The startup’s mission is to level the playing field so that financing is no longer an impediment to access to justice:
“Our mission is to prevent a meritorious claim from failing to access Justice due to lack of access to capital. We have already invested in more than 40 litigations and, so far, we have not lost a single case, and the cases that have had a verdict were 100 percent favorable. We have achieved this, in part, thanks to technology,” explains Fernando Folgueiro, Founder & Managing Partner of Qanlex.