FairClaims, a Los Angeles, CA-based dispute resolution platform, secured $1.8m in funding.
This round – whose backers included Fika Ventures, Crosslink Capital and Greycroft – is in addition to $285k in previous seed funding from angels including Brian Liu, co-founder and current Chair of legalzoom, serial entrepreneur Mark Goldstein, and Mark Goines, former NOLO Board Member and one of the lead architects of Intuit’s TurboTax.
The company intends to use the funds to expand its enterprise offering.
Led by Founder and CEO Stephen Kane, FairClaims provides an online dispute resolution platform which allows companies and individuals to resolve their toughest $25K and under disputes via their online dispute resolution platform and tools including claims management, chat, settlement, mediation and video arbitration capabilities, among others.
It currently works mostly with online marketplaces but has experience with in a variety of industries including professional services, general contracting, car rental, space rental, real estate and insurance, and is aggressively expanding into other verticals.