LexShares is an American

online marketplace An online marketplace (or online e-commerce marketplace) is a type of e-commerce website where product or service information is provided by multiple third parties. Online marketplaces are the primary type of multichannel ecommerce and can be a wa ...

for investing in legal financing of

litigation A lawsuit is a proceeding by one or more parties (the plaintiff or claimant) against one or more parties (the defendant) in a civil court of law. The archaic term "suit in law" is found in only a small number of laws still in effect today. ...

. 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 (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

. The LexShares platform connects

accredited investor An accredited or sophisticated investor is an investor with a special status under financial regulation laws. The definition of an accredited investor (if any), and the consequences of being classified as such, vary between countries. Generally, ac ...

s 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.

History

The LexShares platform, launched by co-founders Jay Greenberg and Max Volsky in 2014, is an

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 ...

. 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 {{US-finance-company-stub