Libra Claims

What Libra Claims does

Libra Claims (legal entity Finanziamento del Contenzioso S.p.A., operating as Libra – FdC) is an Italian litigation finance company headquartered in Brescia that funds legal claims in exchange for either a success fee on recovery or an immediate non-recourse cash purchase. Founded as a privately held Società per Azioni in 2020, the company targets two distinct markets: (i) high-value individual claims above €500,000 spanning civil, administrative, tax, arbitration and pre-litigation matters across Italy, the EU, the UK, the USA and the Middle East; and (ii) funded collective actions covering antitrust follow-on damages, environmental contamination (notably PFAS from the Miteni plant in Trissino), and historical injustices such as Italian Military Internees compensation. Clients include companies, individuals, public bodies, and investment funds seeking to monetise legal rights without bearing litigation cost, balance-sheet provisions, or adverse-outcome risk.

The company operates an integrated technology stack consisting of the Libra PROF digital portal (a lawyer-only intake and case-management platform for Italian attorneys registered with the Ordinary Bar and Court of Cassation Bar), automated mass document processing for collective actions, data-driven claim evaluation, and AI/automation-supported portfolio risk optimisation. Its revenue mechanics combine non-recourse litigation funding (success-fee percentage retained only upon a positive outcome), non-recourse cash-out purchases (immediate final payment with Libra retaining full upside), and a freemium channel through Bar Association partnerships that supplies deal flow without direct monetisation. Distribution is multi-channel: dedicated in-house commercial and legal teams for high-value claims, the Libra PROF portal for the Italian legal profession, partner industry associations (FAI, Confapi, IDG, CNA), and dedicated campaign websites with damage calculators for collective actions.

In April 2026 Libra Claims completed Italy's first securitisation for the funding of cross-border litigation, issuing €20 million in ABS notes under Italian Law 130/1999 and fully subscribed by an institutional fund. The company has stated billion-euro-scale cumulative portfolio value across managed claim portfolios, achieved 40,454 registrations on the Miteni PFAS collective action before its closure in April 2026, and operates a governance structure balancing legal, financial and managerial expertise via a Board of Directors, a 9-member external Technical Committee, and a management team organised across Single Claims, Collective Claims, Claims Assessment, Back Office, and Finance functions.

Name

Libra Claims

Legal name

Finanziamento del Contenzioso S.p.A.

Website

https://libra.claims

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Libra Claims (Finanziamento del Contenzioso S.p.A.) is an Italian litigation finance company that funds high-value individual claims above €500k and mass collective actions — including antitrust, environmental contamination, and historical-injustice cases — in exchange for success fees or non-recourse cash-out purchases, serving companies, individuals, public bodies and investment funds across Italy and abroad.

Ownership category

akta.pro rank

Product category

Litigation Finance

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199), Services-Legal Services (8111)

akta.pro primary industry

Escrow, Trust & Legal Settlement Disbursements (FSAMAKAO)

Keywords

• Litigation finance
• Antitrust class actions
• Claim monetization
• Third-party lawsuit funding
• Collective damages actions

Headquarters

HQ city

Brescia

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Litigation Funding (Success Fee): Libra – FdC acquires the claim through a dedicated SPV and bears all costs and risks of monetisation. In case of successful outcome, proceeds are distributed to the client net of a pre-determined success fee percentage.
2. Cash-Out (Non-Recourse Purchase): Libra – FdC purchases the claim through an SPV and pays the client an immediate, final amount on a non-recourse basis. From that point, FdC independently manages litigation and the monetisation process, retaining the full upside.
3. Collective Action Funding: Libra – FdC funds all legal, technical, expert and organisational costs for collective actions. A pre-determined percentage of the amount actually recovered is retained only upon successful compensation. No fee is due if recovery fails.
4. Libra PROF Portal (Bar Association Partnership): The Libra PROF portal service is provided free of charge for 12 months to members of Bar Associations that have entered into partnership agreements with Libra – FdC. This generates channel partner referrals rather than direct revenue.

Pricing tiers

Go-to-market motion4 records

Distribution channels4 records

Marketing channels7 records

Core offering

Libra Claims (Finanziamento del Contenzioso S.p.A.) provides non-recourse third-party litigation funding for individual high-value disputes exceeding €500,000 and runs funded collective action campaigns covering antitrust follow-on cases (Truck Cartel, Diesel Cartel, Corrugated Cardboard), environmental contamination (Miteni PFAS), historical injustice (Italian Military Internees), and statutory surcharge refunds (ARISGAN / Gas Campaign). Funding is delivered under a non-recourse success-fee model, with a non-recourse cash-out (immediate purchase) alternative, and all legal, technical and organisational expenses are advanced by the company with no upfront cost to claimants. The Libra PROF digital portal enables Italian lawyers to upload client cases, receive financing or cash-out proposals, and manage subsequent monetisation phases.

Product overview

Libra – FdC (Finanziamento del Contenzioso S.p.A.) operates as a litigation finance company at the intersection of law and finance, transforming monetisable legal rights into assets. The company offers two core service lines: Single Claim Funding for individual high-value disputes (>€500k) and Collective Claims for group actions covering antitrust follow-on cases, environmental damages, and historical injustices. Key products include the Libra – PROF digital portal enabling law firms to request litigation funding. The collective action portfolio includes campaigns for Diesel Cartel, Truck Cartel, Corrugated Cardboard, Miteni PFAS contamination, Gas surcharge refunds, and Italian Military Internees compensation. Services are delivered through funding (non-recourse financing with success fee) and cash-out (immediate purchase) models, with operations spanning Italy, EU, UK, USA and Middle East.

Differentiator

Problem solved

Functional benefit

Brands

• Libra – PROF: A digital portal dedicated to law firms for structured and accessible litigation funding requests. Available exclusively to lawyers registered with the Ordinary Bar and Supreme Court Bar. The service is free for members of affiliated Bar Associations.

Products and services

• Single Claim Funding Non-recourse litigation funding for individual high-value disputes (>€500,000) in civil, administrative, tax and arbitration jurisdictions across Italy, EU, UK, USA and the Middle East, including pre-litigation claims. Provided under a success-fee model or via immediate non-recourse cash-out purchase, eliminating claimant litigation risk and balance-sheet impact. Targets companies, individuals, public bodies and investment funds.
• Libra – PROF Lawyer Portal Digital portal exclusively for Italian lawyers registered with the Ordinary Bar and Court of Cassation Bar to upload client litigation funding requests, receive financing or cash-out proposals, contract positively deliberated funding, and manage subsequent litigation and monetisation phases. GDPR and deontologically compliant.
• Miteni PFAS Compensation Campaign Funded class action for PFAS contamination damages from the Miteni plant in Trissino. Targets individuals who lived or worked in contaminated areas of Veneto (Vicenza, Verona and Padua provinces) from 1996 onwards, property owners, and family members of those who died from PFAS-linked illnesses. No upfront costs for participants.
• Truck Cartel Cash-out Campaign Cash-out and funding campaign for European Truck Cartel damages. Targets companies and individuals that purchased or leased medium and heavy trucks between 1997 and 2011. Offers immediate claim monetisation without litigation, returning example payouts (e.g., €18,200 for a heavy lorry fleet assignment; €37,300 for an assignment of compensation claim).
• Diesel Cartel Collective Action Campaign Funded collective damages action for the Diesel Cartel case. Targets companies with vehicle fleets (trucks, buses, vans, machinery, cars) that purchased automotive diesel in Italy during the cartel period. Underlying AGCM Decision I864 imposed €936,659,087 in total fines for bio-component price coordination.
• Corrugated Cardboard Cash-out Campaign Cash-out campaign for corrugated cardboard antitrust damages. Targets companies that purchased corrugated cardboard sheets or packaging between 2004 and 2018. Underlying AGCM decision sanctioned GIFCO and 17+ producers for cartel agreements.
• Gas Campaign (ARISGAN Refund) Campaign for refund of the Regional Surcharge on Natural Gas Excise Duty (ARISGAN). Targets businesses that purchased natural gas and paid ARISGAN in Italian regions other than Lombardy and the autonomous regions. No upfront costs; ongoing until plafond is exhausted.
• Italian Military Internees (IMI) Compensation Campaign Campaign for compensation claims of Italian Military Internees (IMI) detained in German labour camps between 1943 and 1945, based on Article 43 of Decree-Law 30 April 2022 n. 36 (converted with Law n. 79 of 29 June 2022). Adhesions were open until 14 June 2023.

Quantifiable outcome

• 40,454 registrations in Miteni PFAS collective action
• +6 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• ACMI – Associazione Credit Manager ItaliacoreStrategic or Co-development Partner · 28 May 2026Libra – FdC participated as a featured speaker at ACMI Day 2026 in Milan (Sala Orlando, Confcommercio). Francesco Consoli (CEO) and Massimiliano Moschen (Head of Claims Assessment) delivered the session 'Litigation Funding: a Financial Planning Tool'. ACMI, founded in 1974 and member of FECMA, is Italy's oldest association for commercial credit professionals.
• Clifford ChancecoreImplementation/ SI/ Consulting Partner · 8 April 2026International law firm acting as legal advisor for Libra Claims' pioneering €20 million ABS securitisation — the first Italian securitisation for the funding of cross-border litigation. Clifford Chance provided legal counsel on the structure, which is based on Italian Law 130/1999 and involves compensation claims to be pursued in German courts.
• FAI – Fondo per l'Ambiente ItalianominorChannel Partner/ Reseller/ DistributorShown in partner logos section of company profile. FAI is Italy's national environmental fund. Partnership enables referral of member companies and organisations to Libra – FdC's collective campaigns.
• ConfapiminorChannel Partner/ Reseller/ DistributorShown in partner logos section of company profile. Confapi represents Italian small and medium-sized enterprises. Partnership provides access to member companies for collective action campaigns and litigation funding services.
• IDGminorChannel Partner/ Reseller/ DistributorShown in partner logos section of company profile. IDG (possibly Italian Development Group or similar trade association). Partnership enables referral of member companies to Libra – FdC campaigns.
• CNAminorChannel Partner/ Reseller/ DistributorShown in partner logos section of company profile. CNA (Confederazione Nazionale dell'Artigianato e della Piccola e Media Impresa) is one of Italy's largest craft and SME confederations. Partnership provides broad distribution across CNA's extensive member network.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Augusta Ventures: European litigation funder providing non-recourse financing and claim monetisation for commercial disputes and insolvency-related claims. Comparable on European single-claim focus and non-recourse structure.
• Omni Bridgeway: Global litigation finance group operating across single-case funding, portfolio funding, and enforcement monetisation across Europe, Australia and the Americas. Comparable in cross-border capacity and product breadth.
• Balmoral Capital: Litigation finance firm specialising in non-recourse funding and claim purchases across Europe, with strong presence in insolvency and commercial disputes. Comparable on cash-out / claim-purchase product.
• Burford Capital: World's largest publicly listed commercial litigation funder, providing non-recourse funding and monetisation solutions for single claims and portfolios globally. Direct competitor in the same non-recourse, success-fee model and the most relevant benchmark for Libra's business.
• Longford Capital: US-focused commercial litigation funder providing non-recourse single-case funding and portfolio solutions to corporate claimants. Comparable on enterprise-customer, non-recourse model.
• Calunius Capital: London-based litigation funder providing single-case and portfolio non-recourse financing focused on European commercial disputes. Comparable on European focus and institutional LP capital base.
• IMF Bentham: Specialist litigation funder focused on commercial disputes and class actions with active expansion into European markets including Italy. Closely comparable in single-claim and collective-action model.
• Woodsford Litigation Funding: International litigation funder offering single-case and portfolio funding with a strong European footprint. Comparable on cross-border structuring and institutional investor capital base.

Emerging players

• Validity Finance: Litigation funder offering non-recourse financing to plaintiffs in commercial cases, with growing European activity. Comparable on non-recourse single-claim funding for SMEs and individuals.

Broad incumbents

• DWF Group (formerly Gerchen Keller Capital): Global legal services business with an integrated litigation funding arm acquired from Gerchen Keller Capital. Overlaps with Libra's model through a broader services portfolio and in-house funding capacity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/in/daniele-sani-6182b0160
• Facebookfacebook.com/libraclaims

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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 Libra Claims