New Era ADR, Inc., a Chicago, IL – based- technology company innovating the $250B+ litigation and dispute resolution industry, closed a $4.6M Seed funding round.
The round, which brings total funding to $6.3M, was led by Nextview Ventures with participation from Jump Capital with participation from original pre-seed investors Motivate Ventures and Alumni Ventures, as well as entrepreneurs and investors David Kalt, Sean Chou, Pete Kadens, and Lon Chow. In conjunction with the funding, David Beisel , Co-Founder and Partner at Nextview Ventures, who will join the New Era ADR board.
The company intends to use the funds to accelerate technology development, ramp up sales and marketing efforts, expand into new verticals, and grow its team across operations, marketing, engineering, and sales.
Led by CEO and Co-Founder Rich Lee, and Collin Williams, Founder and Chairman, New Era ADR is a fully virtual mediation and arbitration platform that resolves legal disputes, saving businesses and individuals time and expenses. Launched less than a year ago in April 2021 by technology and legal industry veterans with substantial experience operating venture-backed companies, New Era quickly saw rapid adoption – from Fortune 500 companies to VC-backed startups – across a wide range of industries, including e-commerce, technology, retail, education, and professional services.
FinSMEs
115/03/2022