Xclaim operates a public marketplace and trading interface for crypto claims tied to bankrupt exchanges, providing customers tools to manage and market claims against firms such as FTX, BlockFi, Celsius, Genesis, 3AC, Voyager and CRED. The platform supplements listings with expert analysis and insights into bankruptcy proceedings to support more-informed decision-making and to reduce time and cost versus the prior offline dark-market dynamic. Xclaim has listed over $600M of crypto claims globally and has traded over $200M in claims, including individual trades as large as $52M. As of March 31, 2023, 1,053 claims representing $496M were actively listed for sale and the marketplace is tradable with over 500 registered investors. The company plans to use its new funding to accelerate adoption of electronic trading for bankruptcy claims and to introduce new financial products to improve market liquidity and accessibility. Matthew Sedigh is founder and CEO.

Total raised

$7M

Funding rounds

1

Latest round

Series A

Latest activity

Apr 2023