# LM Funding America, Inc.

LM Funding America, Inc. is an other.

## Overview

- **Organization type:** other
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

LM Funding America, Inc. was incorporated in the state of Nevada and maintains its headquarters in Tampa, Florida. The company went public via an IPO and trades on the Nasdaq under ticker LMFA. Its structure as a publicly traded entity distinguishes it from typical private litigation funders, providing transparency through SEC filings. The firm deploys capital primarily into litigation finance, funding plaintiffs and law firms in commercial and consumer cases. Its portfolio includes investments in a range of legal actions, often taking a percentage of recoveries. The model resembles a hybrid of debt and equity, with returns tied to case outcomes. As a specialty finance company, LM Funding also engages in Bitcoin mining operations, a diversification from core litigation funding. The company reports financial results quarterly, and its investment performance is reflected in its public filings. LM Funding America is managed by a small executive team, led by CEO Bruce M. Rodgers. The company has a market capitalization that fluctuates with its litigation portfolio performance and Bitcoin holdings. In recent years, the firm has faced regulatory scrutiny regarding its litigation funding practices, including a 2021 SEC investigation into its disclosures, which was later resolved. The company's adjacent involvement in cryptocurrency mining adds a volatile revenue stream outside its core legal finance business. A key structural differentiator is LM Funding America's status as a publicly traded litigation financier, which subjects it to ongoing disclosure and governance requirements unusual in the opaque litigation funding industry. This structure forces periodic valuation of its case portfolio, a practice not standard among private peers. The dual business lines—litigation funding and Bitcoin mining—create an unconventional risk profile for a specialty finance company.

## Questions

### How does LM Funding America source its litigation funding deals?

LM Funding America sources legal finance opportunities through direct relationships with law firms and plaintiff attorneys, as well as through intermediaries in the litigation funding market. The company evaluates cases on their merits, focusing on commercial and consumer litigation with strong legal merits and collectability. As a publicly traded entity, its deal sourcing is supplemented by referrals from the legal community aware of its capital availability.

### Does LM Funding America participate in fund commitments or only direct deals?

LM Funding America primarily engages in direct litigation investments rather than fund commitments. It provides capital directly to law firms or plaintiffs in exchange for a share of future settlements or judgments. The company also operates a Bitcoin mining segment, which is a direct operational business rather than an investment fund. Its business model is company-operated, not fund-based.

### What investment stages does LM Funding America typically target?

LM Funding America targets litigation investments across both pre-settlement and post-settlement stages. It funds case development, legal fees, and expenses in exchange for a portion of the recovery. The company also acquires portfolios of legal claims, sometimes after cases are filed. The stage depends on the specific deal, spanning from early-stage claims through to funded settlements.

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Last updated: 2026-06-03T20:00:00.000Z

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