Sunday, September 27, 2009

RenewData Raises $6.1M in Funding

RenewData Corp. has raised a $6.1 million round of funding.

Austin-based RenewData, which provides electronic discovery services for law firms and corporations, received the funding from 12 investors, according to a filing with the U.S. Securities and Exchange Commission.

CEO Steven Horan couldn’t be reached for comment.

RenewData, founded in 2001, employs about 175 workers.

In 2006, the company raised $30 million series C round of funding, and in 2007, it raised a $5 million Series D round of funding. It’s two investors have been Baltimore-based ABS Capital Partners and CIBC Capital Partners, which operates offices in Canada and Boston.

In August, RenewData completed its first acquisition when it bought New York-based Digital Mandate LLC for an undisclosed amount. ABS Capital Partners and CIBC Capital Partners funded the deal.

No comments:

Post a Comment