Court Innovations at Forefront of Next Generation Crowdfunding
Court Innovations is the first company born of technology developed at U-M Law School to offer equity investment under the new SEC approved Jobs Act by way of a 4(a)(6) offering. The transaction is facilitated by Netcapital, an SEC authorized funding portal that gives investors a say in the companies that are building the future and entrepreneurs a way to fund their growing business.
Court Innovations expands access to the courts to all citizens. With its Matterhorn product, anyone can use a mobile phone or computer to resolve and negotiate infractions and lesser misdemeanors, such as traffic violations, or file a small claims civil case. For courts, Matterhorn’s online case resolution saves time, resources and money, ultimately leading to increased efficiency. Cases are turned around faster – days versus weeks or months.
Court Innovation is currently in 20 courts in Michigan and Ohio, is also expanding nationwide.
“Funding is essential as we increase access to justice through Matterhorn across the nation,” said Court Innovations president MJ Cartwright. “Our experience shows that Matterhorn provides value to courts and citizens, and we know our future customers will experience similar return on investment – as will those who choose to fund our growing business.”
“Since the Jobs Act passed in 2012 and equity crowdfunding became legal in May 2016, our U-M Innovation Partnerships team has been looking at this option for our pipeline of startup companies and we’re pleased to see Court Innovations at the forefront of this type of funding by way of a 4(a)(6) offering.” said U-M Associate Vice President of Innovation Partnerships Ken Nisbet.