Xclaim, a marketplace where debtors can sell bankruptcy claims for failed crypto companies, announced on Tuesday that it had raised $7 million in a funding round led by Josh Jones, a venture capitalist who founded one of the earlier Bitcoin exchanges.
Matthew Sedigh, founder and CEO of Xclaim, declined to provide his company’s implied valuation or name other participants in the funding. He did say many of the bankruptcy marketplace’s earlier investors joined the Series A investment round, including General Catalyst, First Round Capital, Freestyle Capital, and Tribe Capital.
