Limited partnership funding of £150,000 to £300,000 required to fund disbursements on a portfolio of 45-90 Housing Disrepair (HDR) claims litigated by a law firm with a large, dedicated team specialising in HDR claims. At least 85% of HDR claims are expected to settle pre-trial. Defendants are housing associations and local councils with clear ability to pay settlements. This Investment Offer has an attractive risk reward profile in our view. The expected return is c 25.0-28.2% per annum from a diversified portfolio of claims. 85% of investors’ capital in each case is protected by ATE insurance. In the event the law firm is unable to litigate the cases, the Partnership has the contractual right to assign the cases to another law firm. We expect that investors’ principal and investment gains will be gradually paid to their AxiaFunder wallets within 9 and 15 months from when the Offer closes.
Amount Raised: £300,000
Date Funded: 25/05/2022
Limited partnership funding of £125,000 - £150,000 required to fund an unfair prejudice petition by Claimants who are the minority shareholders in a high value housebuilding business against the majority shareholder, in his capacity as the company’s main director. Counsel estimates the prospects of success at trial at 65-70% if no settlement is reached beforehand. The business is performing well, and we expect enforceability will be relatively straightforward. The defendant has recently requested a without prejudice settlement meeting in Q1 2022. The claim is valued at £2.7m – £4.1m with potential upside. Both the solicitor and a QC barrister have now agreed to engage to the end of trial on a full CFA i.e. with 100% of their fees being contingent upon a successful case resolution. AxiaFunder previously raised £190,000 of preliminary funds for this case via offer ID 3784 in November 2021. The current Offer will fund the case through trial. The Claimants have £400k of ATE cover. Investors will potentially have a MoC of 3.7x If the case wins at trial or settles after 30 months. If the case is unsuccessful, investors are unlikely to recover their investment.
Amount Raised: £150,000
Date Funded: 07/01/2022
Equity capital of £190,000 required to fund an unfair prejudice petition by Claimants, who are minority shareholders in a high-value housebuilding business, against the majority shareholder in his capacity as the company’s main director. Counsel estimates the prospects of success at trial at 65-70% if no settlement is reached beforehand. The business is performing well, and we expect enforceability will therefore be relatively straightforward. The claim value is £2.7 - 4.1 million +. The Solicitor is working with 50% + of his fees contingent on the case winning ensuring strong alignment of incentives. Claimants have obtained investment grade ATE cover. The capital raised will fund the case through mediation and claim preparation – further capital will be required to fund the case to trial. If the case resolves favourably at 30 months after equity issuance, investors will potentially have an MoC of 3.2x.
Amount Raised: £190,000
Date Funded: 16/11/2021
Capital required to fund a claim of software theft and copyright infringement. The case is supported by extensive electronic and CCTV evidence lodged with the police. The Claim value is estimated to be £5-10m based on the most recent investment rounds and the company’s operating performance. The Claim value is over 17x the cost to litigate. A detailed independent opinion by a senior lawyer identifies a strong basis to file the claim and a high probability of obtaining a favourable resolution. Our research indicates that the Defendants have sufficient resources to pay the damages. The lawyers running the case are experienced running this type of claim and are highly incentivised to achieve a positive outcome. Unless early settlement is reached, the Claim will be filed in the Barcelona Commercial Court. If the Claim settles pre-trial, investors are senior in the cash waterfall and contractually entitled to a Return of 66% per annum increasing until proceeds are received. If the Claim wins at trial, investors are contractually entitled to the greater of a Multiple on Capital (MoC) of 2.8x and an uncapped Return increasing at 66% per annum (33% for each 6 months of part thereof).
Amount Raised: £255,000
Date Funded: 17/05/2021
AxiaFunder is a litigation funding platform, which offers investors direct access to pre-vetted commercial litigation investment opportunities that we expect to offer attractive risk-adjusted returns.
Similarly, claimants with meritorious claims can access capital through the AxiaFunder platform, enabling their cases to progress. Once claimants are fully funded to trial, defendants very often become more willing to have meaningful settlement discussions.
Find out more about our investment opportunities and litigation finance services below.
What is litigation crowdfunding? How litigation crowdfunding provides the possibility of attractive return to potential investors? Watch this video.
We guide you through the process from registration to investment on the AxiaFunder platform.
Complete our simple registration process: click on Find out more - you then need to complete an Investor Readiness process and upload some Identity documents which are necessary to comply with anti-money laundering requirements.
For legal reasons AxiaFunder needs to review your profile before granting access to the case details; we’ll aim to do this within 30 minutes and you will receive an email notification once this is complete.
Review and agree to a Non-Disclosure Agreement (NDA) for the case. This is required because the information related to a case is typically sensitive for both the claimant and the defendant.
Once you and AxiaFunder have digitally agreed to the NDA, you will have access to the details of the case including many of the relevant case legal documents. You will also be provided with an offer document for your review.
You can invest in the case by clicking on the relevant button. If investing directly, you will be asked to fund your investment either by bank transfer or card.
Over the duration of a case there will be updates every quarter. At maturity of the investment, if a case is resolved successfully there will be a deposit of principal and interest to your AxiaFunder wallet. You can withdraw cash from your AxiaFunder wallet at any time. If the case is unsuccessful you will likely incur a significant loss of up to your entire investment. For full explanation of potential risks please refer to risk section.
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