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Wexler Announces $1.4 Million Pre-Seed Financing, Global Law Firm Adoption and Launch of AI Agent to Enhance Dispute Resolution

By Harry Moran |

Wexler AI, the AI-powered legal fact intelligence platform, today announced major enhancements driving adoption among leading law firms, including Burges Salmon and a top AmLaw100 firm. Clifford Chance is also exploring the platform for use in its world-leading litigation and dispute resolution practice. Wexler’s platform automates essential fact-checking and intelligence gathering in high-stakes legal disputes, allowing lawyers to focus on more complex and strategic value-driven activities. These advancements follow a $1.4M pre-seed funding round led by Myriad Venture Partners, with support from Entrepreneur First, prominent angel investors at ComplyAdvantage, Moonpig, Tractable, and CreditKudos, fueling Wexler’s growth and mission to redefine litigation worldwide.

Since its launch in April of this year, Wexler AI has processed over one million queries, achieved approximately 2X month-over-month growth, and more than tripled its annual recurring revenue (ARR). Wexler’s advanced platform enables law firms to help manage large caseloads with greater accuracy, reallocating resources from time-intensive manual review to high-value legal strategy. Built by security and privacy experts, the platform uses user-specific encryption keys, masks personal data, and meets ISO 27001, GDPR, and AWS Cloud Security standards.

“Wexler assists lawyers working on the world’s most complex cases. The platform delivers critical, verified facts that legal teams can act on with full confidence,” said Gregory Mostyn, co-founder and CEO of Wexler AI. “With support from Myriad Venture Partners, and Entrepreneur First, and working closely with Burges Salmon and also Clifford Chance, among others, we’re not just transforming how the legal industry tackles the time and efficiencies of fact-finding, but helping our customers generate greater business value for their clients.”

There is significant potential to improve efficiencies in the litigation document review process. Wexler’s AI approach reduces manual work, minimizes risk, and uncovers critical facts faster. Unlike traditional eDiscovery tools that merely organize documents, Wexler is purpose-built for high-stakes dispute resolution, delivering insights with an accuracy matching seasoned litigators.

Central to this is KiM, Wexler’s advanced agent for complex dispute tasks, which produces verified work output directly from case facts, automating steps like drafting, generating court applications, and extracting data from vast document sets. More than a passive tool, Wexler uncovers red flags, suggests follow-ups, and enhances case strategy as an active partner, enabling legal teams to drive efficiency and deliver results on the most challenging cases.

“Wexler is a powerful AI tool that is clearly designed for the types and volumes of work faced in dispute resolution,” said Tom Whittaker, director at Burges Salmon. “It allows us to identify relevant facts and produce useful work in a relatively short time, augmenting the work of our expert teams by providing them with additional methods to achieve their objectives. It has been a pleasure to work with the Wexler team over a number of years to continually improve its functionality to help meet our clients’ and colleagues’ high expectations.

With new funding from Myriad, Wexler is expanding its platform in 2025 including new features such as automated document drafting, advanced fact-checking tools, and streamlined discovery requests. These enhancements will extend Wexler’s impact beyond the legal sector, offering new applications in compliance and HR investigations.

“Wexler AI is redefining fact-finding for legal and investigative work, and we see enormous potential in its unique approach,” said Chris Fisher, founder and managing partner of Myriad Venture Partners. “Their rapid growth and ability to deliver verified, actionable information are transforming how legal teams and other professionals manage complex data. We’re excited to support Wexler’s journey and look forward to their continued momentum and innovation.”

Wexler’s founding team blends deep expertise in AI, law, and business. Gregory Mostyn and Kush Madlani met at Entrepreneur First, united by a vision of creating a category defining applied AI company. Gregory saw the inefficiencies of litigation firsthand when his barrister, then judge father, returned from work with binders piled high to the roof of his office. Kush, a former JP Morgan derivatives trader, began automating workflows with Python before completing a Machine Learning Master’s at UCL and joining Tractable, where he developed fraud-detection models and continuous improvement systems. Kush’s scientific background pairs perfectly with Gregory’s commercial experience as a marketing and sales director to transform dispute resolution. 

Wexler AI collaborates with partners across the legal sector, from AM 100 law firms to in-house teams at major enterprises. Interested clients can request a demo at https://www.wexler.ai/.

About Wexler AI

Wexler AI tackles the world’s most complex cases by streamlining fact analysis for legal, compliance, eDiscovery, tax, and forensics teams. Trusted by top global law firms, Wexler is redefining fact-finding through a combination of AI and human expertise. For more information, visit https://www.wexler.ai/.

About Myriad Venture Partners

Myriad Venture Partners is an early-stage venture firm defining the future of business solutions. Investing in visionary AI, clean technology, and B2B software leaders, Myriad brings decades of expertise and a robust corporate and financial partnership network. By connecting entrepreneurs, corporate partners, industry leaders, and co-investors, Myriad is changing the ways businesses operate, compete, and create value.

About the author

Harry Moran

Harry Moran

Commercial

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Community Spotlights

Community Spotlight: Paolo Grandi, Partner, RPLT RP Legalitax

By John Freund |

Paolo Grandi is an accomplished legal expert specializing in commercial and corporate law. He advises on corporate investments, business unit transactions, capital operations, and joint ventures, taking a multidisciplinary approach to contract drafting and negotiations across sectors like energy, hi-tech, manufacturing, fashion, and real estate.

Paolo also handles litigation and arbitration in these fields, offering tailored solutions for civil, corporate, and commercial disputes. With expertise spanning environmental law, intellectual property, and technology-related crimes, he represents clients in judicial, arbitration, and mediation processes domestically and internationally. His team excels in litigation funding, risk assessment, and dispute resolution strategies.

He joined RPLT RP legalitax in 1997 and became a Partner in 2007. Beyond his legal practice, he has made notable contributions to the field, authoring publications on civil procedure, IT consultancy contracts, and hardware and software maintenance agreements. He is also a member of the Commission on Commercial Law and Practice at the International Chamber of Commerce (ICC).

Company Name and Description: RPLT. Where RP is RP Legal & Tax Professional Association, a firm founded in 1949 and present in Italy with six offices. And LT is Legalitax Studio Legale e Tributario, founded in 2013 and active in Rome and Milan. RPLT RP legalitax is the result of the merger that took place in 2023.

RPLT is a full-service reality in the legal and tax sector – and have assisted and advised dozens of companies, corporations, groups, investment funds, financial intermediaries, entities and administrations, in Italy and abroad. The partnership gives voice to the intention to combine our strategic skills and expertise to offer even more competitive, specialized and valuable professional assistance, while maintaining – in RPLT positioning idea – that matrix of independence that unites the company.

RPLT has 200 professionals including lawyers and accountants; more than 25 practice areas; 5 international desks covering Europe, Asia and Africa. RPLT adhere to the most influential international networks.

Company Website: https://www.rplt.it/en/

Year Founded: 1949

Headquarters: Turin

Other offices: Milan, Rome, Bologna, Aosta, Busto Arsizio

Area of Focus: Litigation, Commercial and Corporate Law

Member Quote: “Skill may spark success, but collaboration turns success into greatness. True victories are built on teamwork and shared vision."

Commercial Deals

NorthWall Capital’s Founder Shares Insights on Legal Assets Strategy

By Harry Moran |

Although litigation funding has grown into an increasingly mainstream sector of the broader legal services industry, the strategies that shape funders’ business models are often quite opaque to those outside the funding market.

A recent episode of the Alternative Fund Insight (AFI) podcast provided useful insights from Fabian Chrobog, founder of NorthWall Capital, who discussed the firm’s approach to legal assets and their strategy for scaleability in a wide-ranging discussion.

In the interview, hosted by Will Wainewright, Chrobog outlined NorthWall’s overall legal assets strategy: “We’ve had a lot of fun running that strategy, it’s been hugely successful. It’s generated some fairly outstanding returns for LPs and it’s something we continue to be very active in. So really what we are looking for, what we are good at, is the underwriting of complex collateral. Sometimes it’s a situational complexity, it could be these asset-backed situations which are fairly complex. 

In this case we provide loans to law firms that are secured by very large pools of potential proceeds from legal assets claims. These could be litigations that could generate in some cases hundreds of millions of revenues per case or over a dozen different cases. So, what we do is we can provide working capital to the law firm without taking security over any specific case, just saying we will get paid back from the first one, two, three cases you win or settle. 

This is not exactly rocket science because you can tell which cases are most likely to settle, because there is a lot of legal precedent or there might have already been settlement discussions. So, you provide that working capital and you effectively just underwrite the cases that you have a high degree of confidence could be successful, you zero everything else, and then you severely haircut the cases that you believe could be won or settled, and you lend against those at a very low loan to value.

At the end of the day, you just have to believe that one, maybe two, of these cases resolve and sometimes these dockets have 12, 15, 20 different cases where you should have a very high degree of certainty that you’re going to get repaid. We got into this because we started looking at one of these situations and we realised there was more to do, and we’ve been very successful in originating deal flow here.”

Asked by Wainewright about NorthWall’s decision-making process when it comes to choosing which legal situations to focus on, Chrobog said: “You’re trying to remove yourself from having to be right more frequently than you’re wrong. You’re trying to create a situation where there is really a very asymmetric risk-reward profile.

But then the way that you do it is, and what is different about NorthWall and how we approach this space, is that we’re credit investors predominantly. We’re looking at how can we reduce our downside. We always pair a credit analyst with a lawyer internally, and then we get external litigation advice to help us with the individual cases.

The credit analyst’s job is to make sure the firm doesn’t run out of money, the lawyer’s job is to make sure that we really truly understand these cases, and then the investment committee’s job is to make sure that we’ve been conservative in our underwriting process.”

Prompted by Wainewright on this being an example of the idiosyncratic strategy that you find within alternatives, Chrobog went on to expand on how NorthWall’s ensures its approach is attractive to investors.

“What you have to remember is that scalability is important. Scalability is important because the people that we have are very good and they expect to be compensated, so it’s a relatively expensive strategy to run. But our investors don’t want to invest small capital, they want to invest substantial amounts of money and they want to see it deployed. 

So, what we are really focused on is we only finance large portfolios of cases because it provides downside protection, a diversification of potential revenue streams, but it also allows for a certain element of scalability. There’s no point being in a niche strategy that you can’t scale to be meaningful.”

The full interview is available on the AFI website.

Commercial Deals

German Funder FORIS AG Highlights Strong Demand for Funding in 2024

By Harry Moran |

Whilst Germany is not a jurisdiction that is traditionally seen as a prime market for third-party legal funding, one litigation funder based out of Bonn is reporting that it has continued to see plentiful demand for dispute funding in 2024.

In an overview of its 2024 activities, Foris AG revealed that it has financed 29 new cases from almost 450 financing requests, maintaining the funder's average volume of funded cases over recent years. These new funded cases were from a range of different dispute areas including medical malpractice, inheritance, corporate and commercial contracts. The funder also saw a rise in the number of cases resolved, rising from 24 in 2023 to 33 in 2024, with FORIS AG's CEO, Frederick Iwans stating that around 80 percent of these cases reached successful resolutions.

In order to support this growth in the number of cases that FORIS AG is financing, the litigation funder and its partners launched a fund for professional investors. The fund, which has a target volume of 50 million euros, has already received its first subscriptions with Iwans saying that the high level of interest in the fund shows that litigation financing has struck a chord with potential investors.

The funder also announced that the submission of the annual report of FORIS AG with the audited annual results for 2024 is scheduled for March 28, 2025.