Right Now announces new round of financing

Lisa Marie Münster Lisa Marie Münster | 16.12.2020

Legaltech Right Now is apparently looking to raise over eight million euros in a new round of funding. The start-up buys consumers' compensation claims.

According to WirtschaftsWoche

, the start-up Right Now today announced a new round of financing of 8.5 million euros. Investors include venture capitalist VR Ventures and the asset management arm of Schwarzwälder Boten.

Right Now buys consumers' claims against hotels, airlines or companies and then represents the case. Within just a few hours, the startup then promises to pay out the refund amount to consumers. It then takes action against the debtors at its own risk.r.In doing so, claims can be bundled together, often saving consumers from protracted disputes with companies. By its own account, Right Now takes more than half of its claims to court.

In addition to air travel, the startup also specializes in landlord-tenant law and data privacy law, and sees this as a future focus. The processes are to be automated more and more. Right Now is said to have represented 350,000 clients in the last three and a half years.

Right Now was founded in 2017 by Torben Antretter, Phillip Eischet and Benedikt Quarch and raised more than 25 million euros by 2019. Involved are also the Trivago founders and VC Seed & Speed of Carsten Maschmayer. It now employs 40 people and was also able to win this year through the claims of cancelled travel due to the Corona pandemic, which they bought from consumers.


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Investor 2016 Berlin seed + speed Venture capital firm from Berlin, investing mainly in (B2B) seed-stage software startups from German-speaking countries.

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