Iubel
Noticeably improves the legal system for each individual.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | €2.0m | Seed | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
Iubel offers a litigation financing service aimed at consumers who face prohibitive costs when seeking legal recourse. The company, founded in Hamburg, Germany, in 2017 by brothers and attorneys Dr. Jan Stemplewski and Dr. Niclas Stemplewski, operates on a no-win, no-fee basis. This business model addresses the challenge where individuals may not pursue valid legal claims against larger entities due to the financial risks associated with lawyer and court fees.
The founders' background as lawyers provides them with the foundational expertise for the company. Dr. Jan Stemplewski had prior entrepreneurial experience, having co-founded a LegalTech venture named Holiday-Hero, which focused on automating claims for package tour travelers, as well as an earlier e-commerce business during his school years. This journey provided valuable market insights that were applied to the development of iubel.
The core of iubel's service is to cover all costs of a legal case, including attorney fees, court costs, and expert witness expenses. In return for this funding, iubel takes a percentage of the compensation awarded if the case is successful. To assess the viability of potential cases, the company utilizes a proprietary algorithm that evaluates the validity of a claim, providing a decision within 24 hours. This model serves consumers in various disputes, such as unfair dismissal from employment, rent reduction claims against landlords, or issues related to the automotive industry.
The company's approach is designed to make legal services more accessible by removing the upfront financial barrier for consumers. Iubel operates in the LegalTech sector, specifically targeting the business-to-consumer market by providing a service that finances legal proceedings. The firm has successfully tested its model with initial court cases, demonstrating its capability to select and support valid claims.
Keywords: litigation finance, consumer legal claims, LegalTech, legal funding, no-win no-fee, access to justice, claim assessment, algorithm, legal services, contingency fee, court cost financing, attorney fee funding, dispute resolution, Hamburg, Dr. Jan Stemplewski, Dr. Niclas Stemplewski, consumer rights, legal protection, case financing, B2C legal services