Mighty provides a cloud-based technology platform (MightyOS) for personal-injury litigation finance companies. The company has become a market leader with more than 60 personal-injury finance companies running their businesses on MightyOS. Mighty previously operated a peer-to-peer marketplace and raised $5.25M before shutting that product down 18 months later to focus on its software platform. The company offers products through Mighty Capital, including Mighty Financing and Mighty Cash Flow, designed to help funders access capital and liquidity. Mighty intends to use the new funds to provide financing to businesses on the platform and to grow its team. The company states its financing will be used strictly to fund businesses on the platform, not plaintiff-consumers. Mighty operates a marketplace that lets individual investors fund plaintiffs’ living costs during personal-injury lawsuits, with deals vetted by the startup but investment decisions made by platform users. Investments are structured as non-recourse, so plaintiffs owe nothing to investors if they lose their case. The platform launched in September and users have invested over $1 million in plaintiffs since launch. The average funding amount is about $5,000 and plaintiffs can finance up to 10% of their settlement’s estimated value. Investors compete on the platform to offer the lowest rate of return; Mighty’s average investor return hovers between 20–30% annually. Many platform investors are lawyers seeking additional income. The company recently closed a $5.25M Series A to support growth.

Total raised

$119M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2018