Legalist

AI-driven litigation finance and case analytics platform

Product Overview

Legalist is a technology-driven investment firm specializing in alternative assets, particularly in litigation finance, bankruptcy financing, and government receivables. Founded in 2016 and incubated at Y Combinator, Legalist has grown to manage over $1.5 billion in assets for institutional investors, including endowments, foundations, hospitals, insurance companies, and family offices. The firm leverages artificial intelligence to source, underwrite, and manage investments, providing uncorrelated yield for institutional investors.

Features

AI-powered sourcing engine that analyzes millions of federal and state court dockets, government databases, and public records to identify potential investment opportunities.
Predictive analytics for underwriting, utilizing machine learning models to assess the risk and potential return of each opportunity.
Automated diligence platform that streamlines the initial data collection and analysis phase of the underwriting process.
Specialized investment strategies focusing on litigation finance, bankruptcy and debtor-in-possession (DIP) financing, and government receivables.
Data-driven portfolio management that continuously monitors the performance and key metrics of all assets within the portfolio.

Funding History

Series B

$100.0M

September 2019

Seth WeinsteinY Combinator

Seed

$1.0M

August 2016

Y CombinatorSeth WeinsteinRefactor CapitalJason GrayVy Capital