11thEstate, the first-to-market platform for investors to effortlessly receive entitlements from securities class action settlements and shareholder compensations, has announced the successful closing of a $2m seed round.
The round was led by top-tier FinTech fund Social Leverage, known for backing successful FinTech giants such as Robinhood, Alpaca, and Stocktwits. Joining the round were Outside Ventures, Blank Ventures, and notable angel investors Evan Rapoport and Chris Camillo.
11thEstate was founded by Stan Vick, a 20-year investment veteran, after he lost a $1.5m investment in a biotech stock caught up in an alleged securities fraud.
Vick said, “While investigating my own case, I stumbled upon a Facebook group where thousands of investors lost money in the same situation, but no one knew how to act. One of them, an 87-year-old retiree who lost his entire $110,000 life savings and was left with nothing to live on, wrote to me directly begging me to do something to get some of the money back. His story inspired me to create an easier way for regular people to recover their stock losses.”
11thEstate helps investors claim settlements from securities fraud cases and shareholder compensations. Its AI-driven engine scans global markets for available compensation, matches it with users’ portfolios, submits necessary paperwork, and delivers payouts directly to clients’ accounts.
Since its launch, 11thEstate has helped investors claim over $100m across major cases like Apple, Google, and FTX. It has partnered with TradingView, empowering the world’s largest trading social network to help its 550 million users in investment recovery.
Matt Ober, General Partner at Social Leverage, has joined the 11thEstate board. He said, “This investment fits perfectly with the focus and expertise of Social Leverage; investing in disruptive, cutting-edge, financial technology companies. The 11thEstate’s mission is to democratize the access to investment recovery opportunities, providing millions of people and institutions with access to free money they are entitled to.”
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