Jupitice has recently announced that it has raised $ 4 million in a Pre-Series A round led by Almas Capital Limited. The funds raised will be utilized in product development and global marketing. Almas Capital, also known as Almascaps, manages its fund management company–Almas Global Opportunity Fund–in the Cayman Islands.
Jupitice has designed & developed the World’s First Next-Generation Justice Technology Platform powered by AI/ ML & Blockchain with an aim to reboot the Global Dispute Resolution Ecosystem and provide equal access to justice worldwide. Jupitice was recently in news for creating the world’s first digital MSME Court to help small businesses resolve disputes amicably without going to court. Jupitice is also determined towards bringing fundamental and quantum changes in the global justice delivery system to introduce a “New Justice Order” to the world.
“The entire team of Jupitice and I would like to appreciate Almascaps for their confidence and decision to invest in our technology,” Raman Aggarwal, Founder and CEO, Jupitice said in a statement.
“The way Jupitice is working towards its vision – Justice for all at their doorsteps by harnessing technology – is worth commendable. Undoubtedly, it is a brilliant company with extraordinary people behind it. We are very positive about this investment as it is not about a couple of people or team, but the entire machinery,” said Amardeep Sharma, Managing Director, Almas Capital.
Almascaps’ clientele includes companies from varied industries such as real estate, precious metals, renewable energy, shipping, and manufacturing. The company has a mandate for raising capital in Africa, India, and the Middle East. Almascaps provides funds into many sectors to avail required exposure including Mining and Retail, Entertainment, Banking, and Finance among others.