What is Renew Data?
Founded in 2001 and headquartered in Austin, Texas, Renew Data Corp. specializes in comprehensive e-discovery services, encompassing planning, preservation, collection, processing, document review, production, and price estimation. The company also offers robust ESI risk management solutions, including backup tape liability management, data migration, and risk assessment. Its forensic consulting capabilities extend to digital forensics, preservation, analysis, and the production of electronic data from diverse sources. Renew Data serves corporations and law firms navigating complex litigation, investigations, and audits, providing critical support through its proprietary ActiveVault platform, which facilitates efficient media and data extraction, native file filtering, and production output.
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
CIBC Capital Partners
CIBC Capital Partners, founded in 1961 and headquartered in Canada, offers a comprehensive suite of financial services including Corporate Banking, Retail Banking, Wealth Management, and Investment Banking, indicating a focus on established companies with significant growth potential.
ABS Capital Partners
ABS Capital Partners specializes in providing growth equity to technology-enabled services companies, focusing on B2B software and tech-enabled businesses. Their investment in Renew Data suggests a strategic alignment with companies poised for scalable business model development and infrastructure enhancement.
What's next for Renew Data?
The recent major strategic investment signifies a pivotal moment for Renew Data, indicating a strong market validation and a clear path for scaling its operations. This capital is likely to be deployed towards enhancing its technological infrastructure, expanding its service portfolio in areas such as advanced data analytics and AI-driven review, and potentially broadening its geographic reach. The company's focus on enterprise-level solutions positions it to capitalize on the growing demand for sophisticated data management and legal technology services, suggesting a trajectory of sustained growth and market leadership in the e-discovery and forensic consulting sectors.
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