What is Renew Data?
Founded in 2001 and headquartered in Austin, Texas, Renew Data Corp. specializes in comprehensive e-discovery, electronically stored information (ESI) risk management, and forensic consulting solutions. The company offers a full spectrum of eDiscovery services, from initial planning and data collection to processing, document review, and final production, alongside robust evidence storage and Activevault data management. Renew Data also provides critical ESI risk management services, including backup tape liability management and data migration, helping corporations and law firms navigate the complexities of litigation, investigations, and audits by efficiently managing and producing electronic data.
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 ABS Capital Partners and CIBC 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
ABS Capital Partners is a growth equity firm that invests in technology-enabled services companies, focusing on accelerating growth and building scalable business models. They provide capital and strategic guidance to B2B software and tech-enabled services businesses with strong technology and data foundations.
CIBC Capital Partners
CIBC Capital Partners, established in 1961, is a financial institution offering a broad range of services including corporate banking, wealth management, and investment banking. They provide financial solutions to support business growth and strategic initiatives.
What's next for Renew Data?
The substantial enterprise-level capital infusion, reflected in the total funding of $50.4M, positions Renew Data for strategic expansion and enhanced service offerings. The recent major strategic investment signals confidence from backers in the company's trajectory and its ability to innovate within the competitive e-discovery and legal tech landscape. This backing will likely fuel further development of its ActiveVault platform and expand its reach in serving corporations and law firms with advanced data management and forensic capabilities.
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