Presolv360, an online dispute resolution (ODR) platform, has raised $4.7 million in a Series A funding round led by Elevation Capital.
The round also included MGA Ventures (an existing investor) and several angel investors.
Before this, the company had already raised over $1 million from angel investors and MGA Ventures.
The startup will use the new funding to expand into more types of dispute resolution and to strengthen its legal-tech platform.
“What we intend to do with these funds is to accelerate market expansion. We currently do arbitration and mediation; we want to replicate these systems for other dispute workflows as well,” Bhaven Tarunkumar Shah, cofounder of Presolv360.
“Dispute resolution is a large and underpenetrated market that is ripe for technology-led disruption… We are excited to join the company in this phase as we continue to grow our core markets, while deepening our offerings across various adjacent workflows,” said Vaas Bhaskar, Partner, Elevation Capital.
PreSolv was founded in 2017 by Aman Kailash Sanghavi, Bhaven Tarunkumar Shah, and Namita Vijay Shah.
It is an online dispute resolution platform that uses technology to help clients settle conflicts through mediation, arbitration, and other alternative dispute resolution (ADR) methods.
According to its website, PreSolv’s services include negotiation, mediation, and arbitration. Its advisory council includes prominent names such as former Chief Justice of India UU Lalit, Justice BN Srikrishna (Retd.), and Justice K Kannan (Retd.), along with others.
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