Angeion Group is a Philadelphia-based settlement administration firm — not a SaaS product — that courts and class counsel appoint to manage notice campaigns, claims processing, identity verification, and fund distribution for class actions, mass torts, bankruptcy, and personal injury settlements. Founded 2013, PE-backed (Renovus Capital majority stake, Oct 2024), $30.5M revenue in 2024, 200+ employees. Three acquisitions in 12 months: Donlin Recano (bankruptcy, Feb 2025), Case Works (mass tort, Mar 2025), MedQuest (PI, 2026). Part of a concentrated market — Angeion, Epiq, and JND collectively control ~65% of the settlement administration market. Currently facing multiple RICO/antitrust lawsuits (2025-2026) alongside Epiq and JND alleging kickback schemes with banks that diverted settlement funds. Law firms don’t license Angeion software; they engage Angeion as a court-approved vendor through competitive bidding. The “users” are class counsel who select administrators, judges who approve appointments, and claimants who interact with claims portals.
Company Info
- Founded: 2013
- Team size: 51-200 employees
- HQ: United States
- Sector: Transactions, M&A
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