CaseCraft.AI, a UK LegalTech firm, at present introduced that it has secured €644k in funding with a €3.5 million pre-money valuation to develop, check, and refine its Small Claims platform, whereas additionally scaling up its advertising and marketing efforts to succeed in a broader viewers.
Mount Enterprise Capital Fund was the lead investor within the spherical with a €351k participation.
Michael Iatsukha, Co-founder of CaseCraft.AI, commented: “We’re at a pivotal second within the utility of expertise to skilled companies and client options. That is only the start of the worth AI can unlock, serving to customers obtain extra with fewer sources.”
Based in 2023 by Alexander Mints, Michael Iatsukha, Dmitry Bagrov, and Ruslan Kosarenko, CaseCraft.AI has developed a proprietary platform designed to help people and companies throughout the UK in submitting and defending small claims.
The corporate was based by a multidisciplinary crew: Iatsukha and Kosarenko are each certified legal professionals, Bagrov is a software program improvement professional, and Mints is a specialist in finance and funding.
Within the UK, the Small Claims Observe is a simplified court docket process for resolving civil disputes valued at €10k or much less, or €1k or much less in instances involving private harm or housing disrepair. Typical claims embrace unpaid invoices, defective items, and tenancy deposit disputes.
CaseCraftAI appears to be like to streamline theis litigation course of, putting a powerful emphasis on early dispute decision, serving to customers attain settlements earlier than court docket motion turns into crucial.
It was constructed with each Claimants and Defendants in thoughts:
- Claimants can file their declare shortly and precisely, organise proof in a court-ready format, and keep on monitor with reminders for each step.
- Defendants can reply to claims with guided help, craft detailed protection statements, and acquire clear case insights.
Their dashboard claims to simplify case administration, permitting purchasers to trace progress and securely retailer all their paperwork in a single place. Their AI assistant was been designed to offer good insights and useful suggestions all through the method.
Laert Karaashev, Head of VC at Mount Fund, added: “We’re proud to help CaseCraft.AI in its journey to carry innovation to the UK’s small claims course of. By making the system extra accessible and environment friendly by means of cutting-edge AI, the platform has the potential to turn out to be a real champion for shoppers. We look ahead to supporting its continued progress.”
As well as, the funding will help crew growth, enabling the corporate to harness the newest advances in AI by recruiting top-tier product and engineering expertise enthusiastic about constructing consumer-facing AI options.
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