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Xclaim Raises $7.0M In Series A Funding

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Xclaim, a platform that provides customers with an interface to manage and market their claims against bankrupt cryptocurrency exchanges, has transformed the market for bankruptcy claims. Founded in 2018 by CEO Matthew Sedigh, Xclaim offers expert analysis and insights into bankruptcy proceedings and market activity, reducing costs and time relative to the offline dark-market dynamic before Xclaim.

The platform has helped more than 10,000 creditors manage more than $750 million of claims through an open and efficient marketplace that ensures a fair trading experience for all.

Instead of waiting years to recover funds from the bankruptcy court, account holders can now receive immediate liquidity from interested buyers. Xclaim’s centralized, digital marketplace of claims, along with other tools and resources, allows crypto traders and investors to seamlessly connect with capital and cash out of their frozen accounts.

XClaim Series A Funding
In a recent announcement, Xclaim revealed that it had raised $7.0M in Series A funding in a round led by Josh Jones. The company intends to use the funds to accelerate the adoption of trading bankruptcy claims electronically by introducing new financial products to enhance market liquidity and accessibility.

Xclaim has listed over $600M of crypto claims from customers globally and traded over $200M in claims. Claims as large as $52M have traded through the platform. As of March 31, 2023, 1,053 claims representing $496M were actively listed for sale through Xclaim, with over 500 registered investors trading in a fair and free-market trading environment where the market dynamics of supply and demand are in balance.

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