Cointime

XCLAIM

company

About

XCLAIM is digitizing the financial market for selling bad debt receivables.

  • 11 - 50

Highlights

Total Funding Amount
$6.60M
Funding Rounds
1
Investors
1

Details

Last Funding Type
Seed
Last Funding Money Raised
$6.60M
Industries
B2B,Financial Exchanges,Financial Services,FinTech,Legal Tech,Marketplace
Founded date
Feb 27, 2018
Number Of Employee
11 - 50
Operating Status
Active

XCLAIM is building the first-ever marketplace for e-trading the debt of bankrupt companies. More than $2 trillion of this type of debt has traded over the last decade, all on paper. They connect distressed debt investors with the vendors, supplies, landlords, and any other party with unpaid receivables due from a bankrupt company. By increasing the efficiency of trading, XCLAIM is creating liquidity in an illiquid market.

It was founded in 2018 and is based in Los Angeles, California.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$6.60M
XCLAIM has raised a total of $6.60M in funding over 2 rounds. Their latest funding was raised on Jun 25, 2021 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 25, 2021 Seed $6.60M 1 General Catalyst — Detail

Investors

Number of Lead Investors
Number of Investors
1
1
XCLAIM is funded by 1 investors. General Catalyst are the most recent investors.
Investor Name Lead Investor Funding Round
General Catalyst Yes Seed
Cointime
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