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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