PRESS RELEASE

Conshohocken, PA – May 15, 2024 – Experity Ventures LLC (Experity), a technology-driven leader in the litigation finance market, is pleased to announce the successful closing of a new $41 million revolving credit facility with Pearl Street Funding. This facility will provide Experity with additional liquidity to support its strategic growth, new originations, and ongoing operations across its portfolio of businesses.

The revolving credit facility offers flexible financing, allowing Experity to fund its pre-settlement and medical funding solutions, ensuring that the company can continue to meet the growing demand for financial security and healthcare access for individuals with pending litigation.

CFO Comments

“We are excited to have secured this $41 million revolving credit facility with Pearl Street Funding, which significantly strengthens our financial position and provides us with the flexibility to continue our growth trajectory,” said Michael Shaw, CFO of Experity Ventures. “This partnership allows us to accelerate new originations and expand our capabilities, further reinforcing our ability to meet the increasing demand for our services. The facility is an important step in enhancing our liquidity and supports our commitment to providing valuable financial solutions to clients in the litigation space.”

Experity’s Growth and Expansion

Since its founding in 2019, Experity Ventures has successfully funded over $500 million to more than 85,000 clients, providing essential financial resources and healthcare access to individuals navigating pending litigation. The company offers a broad range of services, including pre-settlement funding, medical receivable financing, and other tailored solutions, all designed to meet the diverse needs of clients in the legal system.

With the addition of this new revolving credit facility, Experity is well-positioned to further expand its market presence and continue delivering innovative solutions in the litigation finance industry.