Cartel.es (legal name LegalTech Ventures, S.L.) is a Spanish legaltech / mass-claims platform that helps consumers and companies reclaim the 10-15% overcharge they paid on vehicles bought between 2006 and 2013, following the CNMC ruling against the Spanish 'car cartel' of 23-25 manufacturers. It combines a SaaS claims workflow with big-data case assessment and works on a no-win-no-fee basis (25% success fee plus €500), claiming over 100,000 claims managed and €150M+ filed. It is headquartered in Marbella (Málaga) and is funded by litigation finance rather than classic venture equity.
SectorsLegaltech, Consumer, Litigation Finance, SaaS
Start-up MapLegaltech › Consumer compensation & debt claims
Founders
A
Adam Peake
Co-founder & Chief Investment Officer
G
Gonzalo R. García de Diego
Co-founder & Co-CEO
W
Wilhelm Mayer
Co-founder
Global models 3
DDarrow
United States · www.darrow.ai ↗
Uses data and AI to find and assess mass-claim and class-action cases and earns from the recoveries, the same data-driven collective-claims model.
~$55MComparable
DDoNotPay
United States · donotpay.com ↗
An automated consumer-claims platform that helps individuals pursue refunds and compensation from companies without hiring a lawyer.
~$28MComparable
AAirHelp
Germany · www.airhelp.com ↗
Collects compensation claims from consumers at scale on a no-win-no-fee basis for a success-fee percentage, which is the same monetisation as Cartel.es.
~$15MComparable
In the same niche 4 others
See all in the Start-ups Map →
Notes: Most funded first
Investors 1
IIQuote Limited
Funding rounds 1
| Date | Round | Amount | Lead |
|---|---|---|---|
| 2024-04-02 | Venture Debt | €25M | IQuote Limited |
News 3
Open as list →| Published | Article |
|---|---|
| 2024-07-02 |
Cartel.es faces up to the Car Cartel ↗
Iberian Lawyer
2024-07-02 |
| 2024-05-21 |
Revolutionary Claims Service for Car Cartel Victims in Spain ↗
Iberian Lawyer
2024-05-21 |
| 2024-03-25 |
Litigation Finance Firm Invests €25 million into Spanish Legal Tech Business ↗
Legal Funding Journal
2024-03-25 |