LexShares is an online marketplace for investing in litigation. It connects plaintiffs in commercial legal disputes with investors to fund their cases. Founded in 2014, LexShares is privately owned with an office presence in
New York City
New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...
.
The LexShares platform, launched by co-founders Jay Greenberg and Max Volsky, is an
online marketplace for litigation funding, similar to
equity crowdfunding
Equity crowdfunding is the online offering of private company securities to a group of people for investment and therefore it is a part of the capital markets. Because equity crowdfunding involves investment into a commercial enterprise, it is ...
. The LexShares platform connects
accredited investors with plaintiffs and attorneys looking for funding. Investors can buy a stake in the outcome of a lawsuit by giving plaintiffs, oftentimes business owners, the capital they need to pay legal fees or operate their business while in the midst of litigation.
LexShares funds individual commercial cases. When a new case is offered, LexShares' investor network is notified and has the opportunity to invest through their online platform. In 2018, LexShares closed its debut $25 million multi-claim marketplace fund.
On 10 June 2020, LexShares confirmed the introduction of LexShares Marketplace Fund II (LMFII), a dedicated litigation finance fund with a target size of $100 million. LMFII will invest in litigation-related assets made available on the LexShares marketplace.
On 22 February 2021, LexShares announced majority investment from Brockhurst Capital Partners and that managing partner Cayse Llorens would join the firm as CEO.
References
External links
LexShares
2014 establishments in the United States
Financial services companies of the United States
Online marketplaces of the United States
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