Loopa Finance

What Loopa Finance does

Loopa Finance (formerly Qanlex LLC) is a private litigation funding company founded in 2020 that provides non-recourse third-party financing for legal claims across 39 countries in continental Europe and Latin America. The company serves law firms, companies with commercial disputes, and individual plaintiffs, financing attorney fees, expert costs, court expenses, and arbitration proceedings in exchange for 20-40% of case recovery if successful and zero recovery if the case is lost. Loopa is legally domiciled as Qanlex LLC in Wilmington, Delaware, with operational headquarters in Madrid, Spain, and is backed by investors including Carao Ventures, FJ Labs, Harvard Innovation Lab, Earlybird Venture Capital, Preface Ventures, Analog Ventures, J-Ventures, and The LegalTech Fund, having raised approximately $36.3M across disclosed rounds.

The product portfolio spans Expense Financing (covering legal costs), Results Advancement (monetizing in-progress claims), Case Portfolio Financing (for law firm portfolios), Class Action Financing, Arbitration Financing, Cost Insurance including ATE insurance, and Law Firm Funding. The company finances more than 20 dispute categories including commercial and investment arbitration, construction claims, intellectual property disputes, antitrust and competition matters, bankruptcy proceedings, and consumer class actions. Loopa positions itself as the first technology-leveraged litigation funder in its operating geographies, deploying proprietary case mining and analysis tools to identify and evaluate investment opportunities.

Loopa's revenue model is contingency-based: proprietary capital is deployed across cases, with revenue recognized as a 20-40% share of successful recoveries. The company operates a sales-led go-to-market motion targeting law firms and corporate claimants through a website application form, professional networks, and industry events including Paris Arbitration Week and the ICDR Conference. The team of 11-50 employees comprises lawyers, engineers, data experts, and case miners structured as an interdisciplinary group combining legal, financial, and technology expertise. Loopa has received industry recognition including Chambers and Partners ranking (2024), Leaders League ranking (2024, 2026, including Italy), and an El Confidencial finalist award for its General Counsel Europe in 2026.

Name

Loopa Finance

Legal name

Loopa Finance (Qanlex LLC)

Website

https://loopa.finance

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Loopa Finance (formerly Qanlex LLC) is a private litigation funding company providing non-recourse financing for legal claims in 39 countries across Europe and Latin America. It serves law firms, corporate claimants, and plaintiffs in commercial disputes, arbitrations, and class actions, earning 20-40% of successful case recoveries.

Ownership category

akta.pro rank

Product category

Litigation Funding

NAICS

Other Investment Pools and Funds (5259), Insurance and Employee Benefit Funds (5251)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Debtor-in-Possession (DIP) Financing Funds (FSANAKAF)

akta.pro secondary industry

Leveraged Loans & CLOs (FSAAAHAF)

Keywords

• Litigation funding
• Third-party funding
• Arbitration financing
• Non-recourse funding
• Legal finance

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Contingency-Based Litigation Funding: Loopa provides capital to fund legal claims in exchange for a percentage of the recovery if the case is successful. The model is non-recourse: if there is no recovery, there is no refund or additional costs. Their share typically ranges between 20% and 40% of the economic outcome depending on risk and stage of the case.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Loopa Finance provides non-recourse litigation and arbitration funding across Europe and Latin America. The company deploys proprietary capital to finance legal expenses (attorney fees, expert costs, court expenses) and advances portions of expected recoveries for cases in advanced stages, in exchange for a 20-40% share of successful outcomes. The model operates on a contingency basis with no upfront costs or repayment obligations if the case is lost.

Product overview

Loopa Finance operates a technology-leveraged litigation funding platform (formerly Qanlex) providing non-recourse financing across Europe and Latin America. The core offering is third-party litigation funding where the company provides capital to cover legal expenses in exchange for 20-40% of successful recoveries. The platform comprises two primary funding products: Expense Financing (covering attorney fees, expert costs, and court expenses) and Results Advancement (advancing a portion of expected case value for cases in advanced stages). Supporting products include Case Portfolio Financing, Class Action Financing, Cost Insurance, and Law Firm Funding. The company finances over 20 dispute categories including arbitrations, construction claims, intellectual property disputes, antitrust matters, and investment arbitration, operating across 39 countries in Europe and Latin America with proprietary capital since 2020.

Differentiator

Problem solved

Functional benefit

Products and services

• Expense Financing Non-recourse funding covering attorney fees, expert costs, and court expenses to enable case progression without the client's own capital outlay; available to companies, law firms, and plaintiffs pursuing meritorious claims.
• Results Advancement / Monetization Advancement of a portion of expected economic outcome for cases in advanced stages, providing immediate liquidity while litigation continues; transforms contingent assets into available capital.
• Case Portfolio Financing Structured financing arrangements for portfolios of litigation cases, enabling law firms to manage multiple matters simultaneously without per-case financial constraints.
• Law Firm Funding Financing solutions for law firms to take on more cases without financial risk, secure fees in advance, and enhance client retention by offering funding-backed representation.
• Class Action Financing Funding for collective consumer actions and class action lawsuits seeking compensation for corporate abuse or non-compliance.
• Cost Insurance Insurance coverage for litigation costs, particularly ATE (after-the-event) insurance that protects plaintiffs in case of defeat in English proceedings.
• Arbitration Financing

Quantifiable outcome

• 20-40% contingency fee on successful cases
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered minor.

• ICDR (International Centre for Dispute Resolution)minorStrategic or Co-development PartnerProfessional association engagement - Loopa Finance attended ICDR Conference in New York focused on arbitration and dispute resolution.
• OAB SP (Ordem dos Advogados do Brasil - São Paulo)minorStrategic or Co-development PartnerProfessional association partnership - Marina Gouveia, Investment Manager, was appointed to OAB SP Commission on Judicial Assets and Special Situations in Brazil.
• CEPANI (Belgian Centre for Arbitration and Mediation)minorStrategic or Co-development PartnerArbitration institution - CEPANI has explicitly supported third-party funding presence in Brussels arbitrations, creating natural operating environment for Loopa.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Burford Capital: Burford Capital is the world's largest dedicated litigation funder with multi-billion AUM and a global footprint. It is the most comparable broad incumbent to Loopa, operating across commercial litigation, arbitration, and enforcement matters with a non-recourse model similar in structure to Loopa's offering.

Direct peers

• Apex Litigation Finance: Apex Litigation Finance is a UK-based funder specializing in commercial disputes and arbitration with a European focus. It directly competes with Loopa in the same geographies (UK, continental Europe) and case categories (commercial litigation, arbitration), making it a direct peer.
• Deminor: Deminor is a Brussels-based litigation funder and recovery services firm with strong European presence, particularly in collective redress and consumer claims. It is a direct peer given its continental European base, focus on commercial and class action funding, and overlap with Loopa's arbitration and dispute practice.
• Omni Bridgeway: Omni Bridgeway is a leading global litigation funder (formed from the merger of IMF Bentham and Omni Bridgeway) with strong European and Australian presence and active arbitration practice. It is the most directly comparable peer given its similar geographic footprint, focus on commercial disputes and arbitration, and non-recourse funding model.
• Therium Capital Management: Therium is a UK- and European-focused litigation funder providing non-recourse financing for commercial disputes, class actions, and arbitration. It is highly comparable to Loopa given its similar geography (UK + Europe), case-mix focus on commercial litigation and arbitration, and contingency-based pricing.
• Harbour Litigation Funding: Harbour is a London-based litigation funder providing non-recourse funding for commercial litigation and international arbitration. It is comparable to Loopa given its European base, focus on arbitration, and similar contingency-based funding model targeting law firms and corporate claimants.
• Woodsford Litigation Funding: Woodsford is a global litigation funder offering non-recourse financing, portfolio funding, and ATE insurance for commercial disputes and arbitration. It is a direct peer given its full-stack legal finance offering, technology investments, and similar customer base of law firms and corporates.

Emerging players

• Nivalion: Nivalion is a German litigation funder focused on commercial disputes, arbitration, and insolvency-related claims across DACH and Europe. It is an emerging player peer given its smaller scale and continental European focus overlapping with Loopa's German and continental operations.
• Leopard Litigation Funding: Leopard is a UK-based boutique litigation funder providing non-recourse financing for commercial disputes and arbitration. It is comparable to Loopa as an emerging peer given its boutique scale, similar contingency-based model, and focus on high-value commercial matters and arbitration.
• Profile Investment (formerly Profile Litigation Funding): Profile is a UK-based litigation funder with selective European exposure, providing non-recourse funding for commercial disputes. It is an emerging player peer given its smaller scale and overlap with Loopa's UK and continental European commercial litigation practice.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/loopafinance

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds4 records

Investors6 records

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

M&A

Investments

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

Frequently asked questions about Loopa Finance