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LexShares Marketplace Fund II (LMFII) is an investment fund that provides access to a curated portfolio of litigation-related assets. It specifically invests in commercial legal claims, leveraging LexShares’ proprietary Diamond Mine software to systematically source and underwrite investment opportunities. This technological framework enables the fund to construct a structured exposure to the litigation finance sector.
LexShares was founded in 2014 by co-founders Jay Greenberg, Chief Executive Officer, and Max Volsky, Chief Investment Officer. Their foundational insight was to open the traditionally inaccessible asset class of litigation finance to investors by building a technology-driven platform. This vision led to the launch of their initial dedicated fund in 2018, with Marketplace Fund II following in June 2020.
The fund caters to institutional and accredited individual investors, providing capital to law firms and their clients engaged in commercial disputes. LexShares aims to expand its investment capacity within commercial litigation and introduce novel financial products for its growing network of legal partners, addressing the evolving needs and increasing demand within the specialized litigation funding market.
Marketplace Fund II has 2 tracked investments across 2 companies. The latest tracked deal is $17.2M Series B in Karmic in July 2017.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 19, 2017 | Karmic | $17.2M Series B | — | JIM Whims, WEI Hopeman, Greycroft, Startup Capital Ventures |
| Aug 18, 2016 | Happify | $5.0M Series B | Hills Capital, Marketplace Fund II | — |
