XCLAIM is digitizing the financial market for selling bad debt receivables.
XCLAIM is building the first-ever marketplace for e-trading the debt of bankrupt companies. More than $2 trillion of this type of debt has traded over the last decade, all on paper. They connect distressed debt investors with the vendors, supplies, landlords, and any other party with unpaid receivables due from a bankrupt company. By increasing the efficiency of trading, XCLAIM is creating liquidity in an illiquid market.It was founded in 2018 and is based in Los Angeles, California.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Jun 25, 2021 | Seed | $6.60M | 1 | General Catalyst | — | Detail |
Investor Name | Lead Investor | Funding Round |
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General Catalyst | Yes | Seed |