Alchemy Investments Acquisition Corp. 1, a blank-check company steered by Loeb & Loeb LLP, announced plans to acquire and take public Cartiga LLC, a legal-focused asset management platform, in a blockbuster $540 million transaction.
The deal fuses Wall Street strategy with courtroom capital, marking a high-stakes bid to transform how litigation and legal funding collide with public markets.
Cartiga’s Rise: Built From Mergers and Data
Formed in 2021 by combining LawCash, Momentum Funding, and Ardec Funding, Cartiga has quickly positioned itself as a powerhouse. It provides plaintiff funding, attorney working capital, and risk management technology.
In its statement Monday, Cartiga described itself as a “data-driven, tech-forward” platform, boasting more than $1.6 billion in deployed legal sector investments. The company has also poured $20 million into IT and product development, creating a proprietary litigation-linked database.
CEO Sam Wathen said going public with Alchemy will allow Cartiga to “leverage our data platform and market distribution to accelerate growth, expand our product suite, and deepen our capital and service-based partnerships with law firms.”
