SmallClaims, a legaltech startup from Copenhagen, has successfully raised €2 million in a seed funding round led by Finnish venture capital firm Vendep Capital. This capital infusion is aimed at scaling its innovative AI-powered platform that automates the small-claims process, from legal assessments to court-related tasks, enabling businesses to pursue unpaid invoices more economically. The startup aims to address a pressing issue in the EU, where over €930 billion in claims go unpursued due to the high costs involved.
With this funding, SmallClaims plans to further develop its technology and expand into additional European markets, enhancing its workforce in Copenhagen to support growth. Founded in 2021, the company aspires to streamline litigation processes, making it viable for businesses to address smaller claims that might otherwise be overlooked.