Validity & Ledger Tier
Court-record-grade append-only event log with SHA-256 canonical encoding.
axiom-validity-tupleaxiom (ledger)
PR #634 merged 5/15/26 — H0-canonical landed
Full Circle Asset Recovery
Securing What’s Yours.
We are an asset recovery company that built its own proprietary AI. Our systems autonomously scan court filings, skips, and ledgers to capture lost assets.
PORTAL SCALE
$13.0M
Excess Proceeds in Motion
788+
Verified Leads
Our crawler matches and indexes lost capital across municipal portals in real-time. Drag or scroll to navigate our 3D active coverage:
Ohio (Baseline)Illinois (Cook/Will)Maryland (PG/Balto)GeorgiaTexas
Initializing 3D viewport...
AI RUNTIME
10
Active County Recipes
LIVE TELEMETRY
> Executing fcar_surplus_load.py for Cuyahoga County OH...
* Dynamic bypass technologies traversing DataDome and Cloudflare layers.
CAPITAL LEVERAGE
260×
Bridge Capital Leverage
We built a massive, data-driven pipeline using only a $50K bridge loan, proving extreme capital efficiency and developer productivity.
100% proprietary assets
INVESTMENT ASK
$2.0M
Raise Target (16.67% Stake)
3–5× realized ROI
Contingency structured buyout yields verified at case level.
Funds will prioritize scaling state caller hubs and activating our T2 capital recycling.
Cap-Table MatrixHow the Full Circle flywheel compounds
FCAR flywheel: a 4-step compounding loop. Step 1 of 4 begins below.
Verticals — 4 Tiers
Cash today. Capital recycling next round. Platform extensions after.
Cash Engine
Pays the bills now.
Capital Recycling
This round unlocks these.
Platform Extensions
The platform sells itself.
Adjacent
We know what's near. We don't promise it.
The Moat
Proprietary AI
Four owned surfaces. Built — not bought.
Memory Tier
Embeddings + summarization + cryptographically-anchored keys.
axiom-embeddingaxiom-summaryaxiom-aaak
ADR-0001 (Embedding), ADR-0002 (Summary), ADR-0003 (AAAK) merged 5/15/26
Browser & Action Tier
Sandboxed agent web automation + MCP-host action execution.
axiom-browser-sidecaraxiom-browser-ipc-protocolaxiom-mcp-sidecar
Wave 4 tool-safety (Landlock fail-closed + LRU idempotency + CostGate) merged
Operator Surface
Tauri-native mission-control dashboard for live agent fleet.
axiom-space
vGA.0 release candidate state
Court-record-grade agent infrastructure.
Proof of Compounding
This is what the platform buys you.
Cycle time ▼
Signing → disbursement. Target: 95d → 45d.
Baseline = 2025 monthly mean. Vertical line = projection start. (Q7: data placeholder pending Carl)
CAC ▼
Cost per signed claim. Target: $508 → $200.
Baseline = 2025 monthly mean. Vertical line = projection start. (Q7: data placeholder pending Carl)
Deals filed / mo ▲
Court-filed contingency claims per month.
Baseline = 2025 monthly mean. Vertical line = projection start. (Q7: data placeholder pending Carl)
Financial Performance
Contribution margin attractive at deal level. Operating losses driven by deliberate AI investment in advance of pipeline conversion.
ACCELERATING RECOVERIES YTD
Cumulative Recovered
$2.44M+
Recovered on behalf of clients to dateCompany Revenue
$425K+
Realized company fee revenuesAI & Tech Investment
$437K
Cumulative operating expenses (AI R&D)Financial Progression
Comparing Client Recoveries vs Company Revenue & Net Income
Income Statement Summary
Audit of historical periods and current run rates
| Period | Recovered | Revenue | Net Income |
|---|---|---|---|
| FY 2024 | $355K | $94K | $-6K |
| FY 2025 | $876K | $239K | $-81K |
| 2026 YTD (Jan-Apr) | $1.2M | $93K | $-11K |
* 2026 YTD is representative of January-April operations and shows immediate pipeline scaling.
Unit Economics — average contingency deal
Canonical waterfall (historical 30% split, shown for reference). Realized split varies 12%-40% by deal — see verticals drawer.
1
Gross recovered
$67,857.002
Attorney fee (5% or $2.5K min)
-$3,393.003
Case costs (notary/filing/wire)
-$500.004
Net surplus to split
$63,964.005
Client payout (70% — historical median)
-$44,775.006
Company gross
$19,189.007
Agent commission (25% of company)
-$4,797.008
Company net take-home★ 3-5x ROI Target
$14,392.00The Ask
$2M–$3M raise. 16.67% investor stake (pre scales 5× raise).
Cap-table matrix
| Raise | Pre-money | Post-money | Investor % | Founders % |
|---|---|---|---|---|
| $2M | $10M | $12M | 16.67% | 83.33% |
| $2.5M | $13M | $15M | 16.67% | 83.33% |
| $3M | $15M | $18M | 16.67% | 83.33% |
Use of proceeds (at $2M raise)
| Allocation | Amount | % | Milestone |
|---|---|---|---|
| Buyout inventory | $750K | 37.5% | 100 buyouts deployed at avg $7.5K w/ 3-5× ROI |
| Platform scaling | $400K | 20.0% | Cycle 60d → 45d; CAC ↓ 60% |
| Geographic expansion | $400K | 20.0% | 14 → 25 states active |
| Medicaid vertical | $250K | 12.5% | OH-only → 5-state coverage |
| Sales & marketing | $150K | 7.5% | Blended CAC ↓ to $200 |
| Operating reserve | $50K | 2.5% | Runway buffer, legal & compliance |
Series A trigger: $4M TTM company revenue, 35% gross margin, 5 verticals live.
The Team
Cap table: 100% founders. CTO + COO compensated via rev-share / consulting — expensed as opex.
Carl O'Neal
Co-Founder & Managing Partner
50% equity
Top closer with $1.6M+ in personal commissions. Architect of FCAR's proprietary AI platform.
Matthew Joffre
Co-Founder & Managing Partner
50% equity
Business development + strategic partnerships. Co-founded Evokanna (regulated-industry exit).
LinkedIn →Deshawn Fentress
Chief Operating Officer
Rev-share: 5% base + 10% legacy callers + 20% new team (no equity)
Director of Project Management at NorthEast Electrical Distributors (Brockton MA). High-throughput logistics + vendor mgmt.
LinkedIn →Nayeem Syed
Chief Technology Officer
Contracted via NSM Technologies UK at $7,000/mo (no equity)
Business automation specialist. AI + workflow automation track record.
LinkedIn →Get in touch
Talk to us
Request data-room access or book a founder call.
Confidential — do not redistribute. © Full Circle Asset Recovery, LLC.