11thEstate Raises $2 Million in Seed Round

by Kay Aloha Villamor in June 3rd, 2024

11thEstate, a New York-based platform for investors to get compensated in securities fraud cases, has closed a $2 million seed funding.  


The round was led by Social Leverage, with participation from Outside Ventures, Blank Ventures, and angel investors Evan Rapoport and Chris Camillo.  

Social Leverage is a Venture Capital firm which specializes in early-stage and seed-stage investments in the Software, Consumer, and Fintech industries. It was founded in 2009, and is based in Scottsdale, Arizona. 

With this investment, Matt Ober from Social Leverage joins the 11thEstate board.  

11thEstate Use of Funds  

The company will use the funding to scale its operations and establish new standards in investment recovery.  

About 11thEstate  

Founded by Stan Vick, 11thEstate provides a platform for investors to receive entitlements from securities class action settlements and shareholder compensations. Its AI-powered engine scans investor portfolios, finds all available recoveries, handles paperwork, and delivers payouts. Backed by fintech experts and cutting-edge technology, 11thEstate is dedicated to helping investors effortlessly collect their rightful settlements and shareholder compensations.  

Funding Details                      

Company: 11thestate, Inc.   

Raised: $2.0M                            

Round: Seed Round  

Funding Month: May 2024                                         

Lead Investors: Social Leverage   

Additional Investors: Outside Ventures, Blank Ventures, Evan Rapoport, Chris Camillo  

Company Website: https://11thestate.com/    

Software Category: Investment Recovery  

Source: https://www.prnewswire.com/news-releases/investment-recovery-platform-11thestate-raises-2-million-in-seed-round-led-by-social-leverage-302158186.html 

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