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RenewData Raises $6.1M in Funding

By Brad Jenkins

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.

Full post as published by Litigation support industry business news and information on September 27, 2009 (boomark / email).