Funding and Acquisitions Roundup: Modus discovers $10M to help lawyers wrangle legal data

By Brian Kovalesky, StartUp Beat Editor

Today’s early-stage startup funding and acquisitions news:

E-discovery service Modus eDiscovery has secured $10 million in funding. Investors in this, the company’s first round of outside funding, include Harbert Management Corporation and Azalea Capital. Modus is a service provider for the legal services industry that essentially turns legal documents into searchable data, disrupting a labor-intensive process for lawyers. The Washington, DC-based startup was founded in 2008.

Vital Stats:

Website: www.discovermodus.com

HQ: Washington, DC

Year Founded: 2008

Investors: Harbert Management Corporation, Azalea Capital

Innovation: Turning legal documents into searchable data, cutting the man hours and cost associated with document analysis.

Total Funding: $10 million

(Sources: Modus eDiscovery, TechCrunch, LinkedIn)

More funding news…

After Closing $3 Million Series A, Qwaya Wants To Help SMEs Get Down With Facebook Ads (via TechCrunch)

InternMatch raises $4M to bring big data to the college job search (via GigaOm)

FundersClub announces $1.1 million fund specifically for recent YC graduates (via GigaOm)

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Editor

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