What Cartiga does

Cartiga is a technology-enabled legal funding and litigation finance company that provides capital to plaintiff personal injury law firms and non-recourse advances to individual plaintiffs with pending legal claims. The firm offers working capital lines of $50K to $10M+ to contingency-fee law firms, with underwriting conducted on the firm's active case docket rather than personal assets; repayment flows through a small monthly payment plus a settlement waterfall. Adjacent products include Case Cost Financing, Ownership & Succession capital for partner buyouts, and a Growth Capital Program for marketing and case acquisition, all repaid as cases monetize. For individual plaintiffs (delivered via the LawCash and Momentum Funding sub-brands), Cartiga provides non-recourse pre-settlement and medical funding, with repayment only if the case resolves successfully.

The underlying platform combines proprietary data analytics — built on more than 25 years and over $1.6 billion of originated transactions — with attorney-led underwriting executed by former personal injury practitioners. The myCartiga portal serves as the operational backbone for law firm clients, enabling real-time capital draws, case expense tracking, document upload, client statement generation, and payoff letter management. The business is licensed or registered across at least seven states (Georgia, Illinois, Missouri, Oklahoma, South Carolina, Tennessee, Utah), with new state-level frameworks such as New York's Consumer Litigation Funding Act (effective June 17, 2026) shaping the regulatory perimeter.

Cartiga's revenue model is transaction-based with a take-rate on capital deployed across both law firm working capital lines and consumer plaintiff funding. The firm uses a sales-led GTM targeting mid-market plaintiff firms through direct outreach and attorney referrals, with self-serve phone/online intake for individual plaintiffs. Cartiga is backed by $250M+ in committed equity capital from institutional investors including Melodeon LBS GP and the Arizona State Retirement System, and announced a SPAC business combination with Alchemy Investments Acquisition Corp. 1 in August 2025 at a $540 million valuation to pursue a Nasdaq listing.

Name

Cartiga

Legal name

Cartiga, LLC

Website

https://cartiga.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Short description

Cartiga provides technology-enabled working capital and non-recourse plaintiff funding for plaintiff personal injury law firms and individuals with pending legal claims. The firm lends against active case dockets using proprietary data analytics, attorney-led underwriting, and the myCartiga portal, with $50K–$10M+ ticket sizes.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Law Firm Working Capital: Cartiga provides working capital lines to contingency-fee law firms, approved based on the firm's active case docket. Repayment comes through a portion of fees at settlement, with a small monthly payment plus balance recovery as cases resolve. Capital ranges from $50K to $10M+.
2. Consumer Plaintiff Legal Funding: Non-recourse advances to plaintiffs with pending legal claims. Cartiga purchases an ownership interest in potential settlement proceeds. No repayment required if the case is lost. Repaid from settlement proceeds when the case resolves. Also includes medical funding where bills are paid directly to providers.
3. Case Cost Financing: Funds drawn from the working capital line to cover case expenses (experts, depositions, filings, medical records). Interest on these dollars is recovered at settlement, making the effective cost approach zero for case-cost dollars.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Cartiga provides working capital lines ($50K to $10M+) to contingency-fee plaintiff law firms, approved on the firm's active case docket and repaid through settlement proceeds without personal guarantees. It also offers non-recourse pre-settlement and medical funding directly to individual plaintiffs with pending legal claims, with repayment only if the case resolves favorably. Capital delivery is supported by the proprietary myCartiga portal and data analytics underwriting platform.

Product overview

Cartiga is a technology-enabled legal funding platform offering two interconnected product lines: (1) Law Firm Capital — working capital financing ($50K-$10M+) for plaintiff contingency firms, including Case Cost Financing, Ownership & Succession, and Growth Capital Program modules, all approved on the firm's docket and repaid through settlement proceeds; and (2) Plaintiff Funding — non-recourse pre-settlement and medical funding for individuals with pending legal claims, delivered through the LawCash and Momentum Funding sub-brands. The myCartiga portal unifies capital management, case expense tracking, and client funding request workflows under a single login. The platform is built on proprietary data analytics and over 25 years of legal finance expertise.

Differentiator

Problem solved

Functional benefit

Brands

• LawCash: Plaintiff funding platform handling pre-settlement and medical funding for individuals - money up front for living and medical expenses, with nothing to repay unless the plaintiff wins.
• myCartiga

Products and services

• Law Firm Working Capital Working capital line product for plaintiff contingency-fee law firms, sized to active case dockets and repaid through settlement proceeds, enabling firms to fund case costs, marketing, payroll, growth, and operations.
• Case Cost Financing Working capital draw product that funds case-related expenses for law firms (experts, depositions, filings, medical records), with the borrowing cost recovered from the case at settlement rather than absorbed by the firm.
• Ownership & Succession Financing Capital product for law firm partner buyouts, buy-ins, and ownership transitions, sized on the firm's open cases from $250K to $10M+, with repayment structured around settlement timing.
• Growth Capital Program Capital program financing law firm marketing and case acquisition spend ($50K to $5M), repaid as the cases the capital generates monetize, with non-recourse structure aligned with firm risk.
• Lawsuit Funding (Plaintiff Pre-Settlement Funding) Non-recourse pre-settlement funding for individual plaintiffs with pending legal claims, providing cash for living expenses while awaiting case resolution, with repayment only if the case wins or settles.
• Medical Funding Direct payment product for plaintiff medical expenses, with bills paid to providers for surgeries, procedures, medication, and deductibles while the lawsuit is pending, repaid from settlement.

Quantifiable outcome

• Funded over $1.6 billion since 2000
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered minor and core.

• American Legal Finance Association (ALFA)minorStrategic or Co-development Partner · 1 September 2025Cartiga is a member of ALFA and has advocated for industry regulation and transparency standards.
• Momentum Funding, LLCcoreOthers · 1 November 2024Wholly-owned subsidiary of Cartiga that provides plaintiff funding services. Licensed to make loans in South Carolina by the South Carolina State Board of Financial Institutions. NMLS ID #1789685.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Counsel Financial: Private specialty finance company that provides working capital loans and case cost financing to plaintiff law firms based on their active case dockets. Directly comparable to Cartiga's Working Capital, Case Cost Financing, and Growth Capital product lines.
• Advocate Capital: Private company providing case cost financing and working capital lines to plaintiff law firms. Closest head-to-head competitor to Cartiga's law firm capital business with a comparable 'no personal guarantee, repaid from settlements' model.
• Argentum Capital: US-based litigation finance company providing both consumer plaintiff funding and commercial legal funding. Direct competitor in the same product categories as Cartiga's LawCash/Momentum Funding sub-brands and working capital book.

Broad incumbents

• Burford Capital: Largest publicly traded global litigation finance company (LSE: BUR) with billions in AUM. Operates in commercial litigation, arbitration, and appellate funding — overlapping with Cartiga's plaintiff funding concept but at institutional scale and broader scope.
• Omni Bridgeway: Global publicly traded litigation funder (ASX: OBL) formed from the merger of IMF Bentham and Omni Bridgeway. Funds commercial disputes, class actions, and arbitration across multiple jurisdictions — broader geographic and product scope than Cartiga.
• Litigation Capital Management: Publicly traded (ASX: LIT) litigation funder headquartered in Australia with global operations. Funds commercial litigation and class actions; relevant comparable for Cartiga's institutional capital raise (LBS Income Fund) and overall litigation finance operating model.
• Harbour Litigation Funding: Established UK-headquartered litigation funder with global operations. Provides single-case and portfolio funding across commercial and insolvency matters; analogous institutional capital and underwriting discipline to Cartiga's larger commercial book.
• Burford Capital (US Plaintiff Funding peer): Reserved placeholder omitted — see Burford Capital entry above as the comparable. The broader plaintiff funding peer set in the US is dominated by smaller non-bank funders; the most relevant institutionally-backed comparable is Burford.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries3 records

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cartiga