11thEstate Raises $2 Million in Seed Round
11thEstate, a New York-based platform for investors to get compensated in securities fraud cases, has closed a $2 million seed funding.
The round was led by Social Leverage, with participation from Outside Ventures, Blank Ventures, and angel investors Evan Rapoport and Chris Camillo.
Social Leverage is a Venture Capital firm which specializes in early-stage and seed-stage investments in the Software, Consumer, and Fintech industries. It was founded in 2009, and is based in Scottsdale, Arizona.
With this investment, Matt Ober from Social Leverage joins the 11thEstate board.
The company will use the funding to scale its operations and establish new standards in investment recovery.
Founded by Stan Vick, 11thEstate provides a platform for investors to receive entitlements from securities class action settlements and shareholder compensations. Its AI-powered engine scans investor portfolios, finds all available recoveries, handles paperwork, and delivers payouts. Backed by fintech experts and cutting-edge technology, 11thEstate is dedicated to helping investors effortlessly collect their rightful settlements and shareholder compensations.
Funding Details
Company: 11thestate, Inc.
Raised: $2.0M
Round: Seed Round
Funding Month: May 2024
Lead Investors: Social Leverage
Additional Investors: Outside Ventures, Blank Ventures, Evan Rapoport, Chris Camillo
Company Website: https://11thestate.com/
Software Category: Investment Recovery