Chariot Claims, a newly rebranded legal-tech startup, has announced a $3.6 million seed funding round led by Indicator Ventures. This investment will support the launch and growth of Chariot’s advanced web platform, which aims to make corporate justice scalable.
Formerly known as ClaimClam, Chariot Claims addresses a significant imbalance in the corporate justice system. While corporations spend over $50 billion annually in the U.S. on misconduct settlements, only 4% of that amount reaches the individuals who have been harmed. Chariot’s platform uses sophisticated automation and a user-friendly interface to help individuals identify mass action cases they qualify for, connect with top law firms, and manage the entire claims process from discovery to payout. The platform has already processed over 65,000 claims, with an estimated $92 million in gross settlements expected, potentially delivering thousands of dollars per user.
For law firms, Chariot provides a high volume of qualified plaintiffs, handles administrative tasks, and will soon offer new case origination tools, enabling firms to pursue a broader range of high-impact mass actions more efficiently.
Additional investors in the round include Lightbank, Neon Ventures, Alumni Ventures, FJ Labs, Graph Ventures, Rosecliff Ventures, Chapter F, and ZVC. Chariot is currently collaborating with 21 law firms, including several of the most active complex litigation firms in the country, known for multibillion-dollar resolutions.
KEY QUOTES:
“We’re at a pivotal moment where tech and society are colliding, and protecting consumer rights has never been more important. It’s clear to us that Chariot has built a solution that holds negligent companies accountable while getting consumers paid what they are owed.”
Baiyin Murphy, General Partner at Indicator Ventures
“We’ve learned a great deal about how to truly make a difference within the complex world of class actions and more broadly, mass actions. Corporations are getting off easy, and it’s not an accident that mass actions are a cumbersome and opaque process for consumers. We are thrilled that our new financial partners are on board with our mission – which, at its core, is about fairness, accountability, and a balance of power.”
Chariot CEO Zim Hang
