PRESS RELEASE

Conshohocken, PA – December 19, 2024 – Experity Ventures LLC (Experity), a technology-driven leader in the litigation finance market, is excited to announce the upsize of its revolving credit facility with Pearl Street Funding from $41 million to $50 million. This upsized facility will provide Experity with additional liquidity to support its continued growth, new originations, and ongoing operations across its portfolio of businesses.

The increased revolving credit facility offers enhanced financial flexibility, allowing Experity to continue funding its pre-settlement and medical funding solutions, and meet the growing demand for financial security and healthcare access for individuals with pending litigation.

CFO Comments

“We are very pleased to upsize our revolving credit facility to $50 million with Pearl Street Funding,” said Michael Shaw, CFO of Experity Ventures. “This increase in available capital enables us to further expand our ability to fund new originations, enhance our operational capabilities, and continue delivering essential financial solutions to our clients. It’s a testament to the strength of our business model and the ongoing demand for our services. This expanded facility will help us maintain our growth momentum as we further solidify our leadership in the litigation finance industry.”

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’s comprehensive suite of services includes pre-settlement funding, medical receivable financing, and other tailored solutions designed to meet the diverse needs of clients in the legal system.

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