While helping another founder build an app that collected information about class-action settlements, Zim Hang came to learn how challenging it can be for consumers to seek compensation from companies they believe wronged them. He also discovered mass arbitration, a way to pursue individual claims when companies' contracts prevent customers from joining class actions. At the same time, he also realized that relatively few law firms were set up to manage thousands of those claims at once. That gap became the basis for Chariot Claims, which has raised $10 million in Series A funding led by Silverton Partners to help consumers pursue claims over alleged privacy violations, hidden fees and subscriptions that are difficult to cancel. Indicator Ventures, Lightbank, Neon Fund, ZVC, Rosecliff Ventures, Alumni Ventures, FJ Labs, Graph Ventures and Vermilion Ventures also participated in the financing. The New York-based startup works with law firms to identify potential cases, find affected...
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