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Loopa (formerly Qanlex)

Argentine-founded litigation funder that uses machine learning to pick winnable lawsuits in civil-law countries

Loopa, which renamed itself from Qanlex, funds claimants' lawsuits in exchange for a share of the outcome across 37 countries including Argentina, Brazil and Mexico. Its Case Miner software screens active lawsuits with machine learning to find cases likely to win; by 2022 it had analysed over 9 million lawsuits and funded more than 40. It raised a $3M seed in 2022 from Carao Ventures, The LegalTech Fund, Preface Ventures and FJ Labs.

Market

Other, Litigation finance

Based in

Argentina

Founded

2020

Stage

Seed

Total raised

$3M

Founders

Yago Zavalía Gahan, Fernando Folgueiro

Website

loopa.finance

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