What is Renew Data?
Headquartered in Austin, Texas, Renew Data Corp. operates at the intersection of legal compliance and advanced data forensics. The company provides a comprehensive suite of e-discovery and electronically stored information (ESI) risk management services. Its core competencies include data preservation, document review, and forensic analysis, supported by its flagship ActiveVault platform. This technology enables the secure extraction, normalization, and de-duplication of historical data, allowing organizations to mitigate liability associated with legacy backup tapes and complex corporate data repositories. By serving as a strategic partner for entities facing audits, investigations, and litigation, Renew Data bridges the gap between technical data management and legal defensibility.
How much funding has Renew Data raised?
Renew Data has raised a total of $50.4M across 5 funding rounds:
Series C
$30M
Unspecified
$5M
Unspecified
$4M
Unspecified
$6.1M
Unspecified
$5.3M
Series C (2006): $30M with participation from CIBC Capital Partners and ABS Capital Partners
Unspecified (2007): $5M led by ABS Capital Partners and CIBC Capital Partners
Unspecified (2009): $4M supported by ABS Capital Partners and CIBC Capital Partners
Unspecified (2009): $6.1M, investors not publicly disclosed
Unspecified (2012): $5.3M, investors not publicly disclosed
Key Investors in Renew Data
ABS Capital Partners
A growth equity firm specializing in B2B software and tech-enabled services, focusing on companies with strong data foundations and scalable business models.
CIBC Capital Partners
A diversified financial services institution providing comprehensive corporate banking, investment banking, and wealth management solutions.
Undisclosed Investor
Undisclosed investor participating in the funding round.
What's next for Renew Data?
With the support of its long-term financial partners, Renew Data is well-positioned to further refine its ESI risk management capabilities and enhance its digital forensics infrastructure. The company's strategic focus remains on optimizing the efficiency of data production and expanding its advisory services to meet the evolving demands of global corporate networks. As the volume of electronic evidence continues to grow, Renew Data's ability to provide rapid, scalable, and defensible data solutions will likely remain a key driver of its market leadership. Future initiatives are expected to prioritize the integration of advanced automation within its ActiveVault ecosystem to further reduce the time and cost associated with complex legal productions.
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