CaseCraft.AI, a UK LegalTech firm, immediately introduced that it has secured €644k in funding with a €3.5 million pre-money valuation to develop, take a look at, and refine its Small Claims platform, whereas additionally scaling up its advertising and marketing efforts to achieve 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 know-how to skilled providers 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 staff: Iatsukha and Kosarenko are each certified attorneys, Bagrov is a software program improvement skilled, and Mints is a specialist in finance and funding.
Within the UK, the Small Claims Monitor is a simplified court docket process for resolving civil disputes valued at €10k or much less, or €1k or much less in circumstances 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 essential.
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 observe with reminders for each step.
- Defendants can reply to claims with guided help, craft detailed protection statements, and achieve 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 sensible insights and useful ideas all through the method.
Laert Karaashev, Head of VC at Mount Fund, added: “We’re proud to assist CaseCraft.AI in its journey to deliver innovation to the UK’s small claims course of. By making the system extra accessible and environment friendly by way of cutting-edge AI, the platform has the potential to turn into a real champion for shoppers. We sit up for supporting its continued progress.”
As well as, the funding will assist staff growth, enabling the corporate to harness the most recent advances in AI by recruiting top-tier product and engineering expertise enthusiastic about constructing consumer-facing AI options.
