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JustFund raised $5.7 million in a Seed round led by Xilium Capital to support legal fees for family law disputes.

Nov 04, 2024about 1 year ago

Amount Raised

$5.7 Million

Round Type

seed

SydneyLendingLegalFinancial Services

Investors

Fin.AmpTrippleLegal Tech FundStartmateXilium Capital

Description

JustFund, a fintech startup based in Sydney, has successfully raised $5.7 million in a Seed funding round. The investment will be utilized to aid individuals seeking property settlements following divorce or relationship separations.

Company Information

Company

JustFund

Location

Sydney, New South Wales, Australia

About

JustFund is a Sydney-based fintech startup that provides funding for legal fees associated with family law disputes. Launched in 2022 by former lawyers and a fintech entrepreneur, JustFund aims to assist individuals in managing the financial burdens of divorce and separation. They have established a network of over 600 accredited law firms and have approved more than $95 million in legal funding for clients. Their unique financing model focuses on legal entitlements rather than traditional credit assessments.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers