Mighty, a NYC-based provider of software for legal and medical funding companies, raised $114M in funding.
The company intends to use the funds to provide financing to businesses on the platform and grow their team.
Led by Co-founder and CEO Joshua Schwadron and Co-founder and Chief Growth Officer Dylan Beynon, Mighty provides a cloud-based technology platform for personal injury litigation finance companies. The company previously raised $5.25M for a peer-to-peer marketplace that it shut down 18 months ago to focus on its software platform. Since then, it has become a market leader with over 60 personal injury finance companies running their businesses on the MightyOS platform.
Mighty Capital is a specialized investment fund backed by major institutional investors, which offers two products, Mighty Financing and Mighty Cash Flow, to help funders access capital for their ongoing originations and get liquidity, respectively.
Mighty’s financing is strictly for funding businesses and will not be used to finance plaintiff-consumers directly.