Analysis of claims reveals individuals just as likely to seek funding as businesses
Nearly three-quarters of cases funded by Augusta Ventures, a litigation funder targeted at SMEs, are either breach of contract or professional negligence claims.
Statistics released by Augusta since its launch in 2014 show that out of the 56 cases funded, 41 per cent (23) of claims have been for breach of contract and 32 per cent (18) for professional negligence claims.
Ten of the professional negligence cases have been brought against solicitors.
The analysis showed Augusta has invested between £7,000 and £570,000 per case to date, totalling £12.8m, with an overall win-rate of 93 per cent.