Thursday, July 12, 2007

Pangea3 secures $7mn Series C funding from Sequoia Capital

Pangea3 LLC, the global leader in legal process outsourcing to corporate in-house counsel and U.S. law firms, announced today that it has closed $7 million in Series C funding, funded by Sequoia Capital India. Sequoia Capital’s investment underscores the significant demand among legal departments and law firms for outsourced legal services as a solution to increasing legal fees. Sumir Chadha, managing director of Sequoia Capital India, will join Pangea3’s board of directors.

The additional financing will be used to fund the company’s continued expansion and aggressive recruitment of superior quality legal talent in India and in the U.S., increase its service offerings and accelerate its sales and marketing efforts.

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