How Much Did Record Access Raise?
Funding & Key Investors

Record Access, a legal support service provider, has secured $417K in total capital, with its most recent financing round totaling $267K. This major strategic investment, announced on February 7, 2021, signifies a significant capital infusion for the company as it continues its growth trajectory in the legal tech sector. The company's funding history, which includes prior debt financing, indicates a strategic approach to capital management.

What is Record Access?

Record Access
Business ServicesDocument Management

Record Access Corporation, established in 1989, is a distinguished provider of legal support services, specializing in the critical process of document retrieval during the discovery phase of litigation. The company caters to the insurance and legal professions, offering a proprietary workflow environment system known as RADAR. This advanced system is engineered to optimize efficiency and curtail document retrieval expenses for its clientele. Record Access Corporation actively collaborates with industry consultants and software developers to deliver comprehensive solutions tailored for legal entities and third-party administrators, reinforcing its position in the legal support market.

How much funding has Record Access raised?

Record Access has raised a total of $417K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$267K

Debt (2020): $150K with participation from PPP

Debt (2021): $267K led by PPP

Key Investors in Record Access

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Record Access?

With a substantial total funding of $417K and a recent strategic investment of $267K, Record Access is well-positioned for its next phase of expansion. The company's focus on document retrieval and its RADAR system suggest a continued emphasis on technological advancement and service enhancement. This late-stage funding context implies a strategic push towards scaling operations, potentially expanding market reach, and further developing its innovative solutions to meet the evolving demands of the legal and insurance sectors. Future developments may include enhanced platform capabilities and broader client acquisition strategies.

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Frequently Asked Questions Regarding Record Access Financial Insights

What are the most recent funding rounds that Record Access has completed, and what were the funding rounds?
Record Access has recently completed 2 funding rounds: Debt on Feb 7, 2021, Debt on May 1, 2020.
What is the total amount of funding Record Access has raised to date?
Record Access has raised a total of $417K in funding to date.
How many funding rounds has Record Access completed?
Record Access has completed 2 funding rounds.
How much funding did Record Access raise in its most recent funding round?
Record Access raised $267K in its most recent funding round.
Who are the lead investors in Record Access's latest funding round?
The lead investor in Record Access's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Record Access's history?
The largest funding round in Record Access's history was $267K.
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