Zapproved Inc., a Portland, Oregon-based developer of cloud-hosted software for corporate legal departments, closed $15m in funding.
The round was led by K1 Investment Management.
The company is using the funds to add staff, expand its cloud technology offerings, including through acquisitions.
Founded in 2008 and led by CEO Monica Enand, Zapproved provides the Z-Discovery™ Platform, a cloud-based software suite that allows legal departments to preserve, collect and analyze massive amounts of data in-house.
Hosted on Amazon Web Services, Z-Discovery features:
Legal Hold Pro™ product, cloud software in use by corporate legal departments;
Data Collect Pro™, which provides an application for conducting targeted collections remotely and defensibly, and
Digital Discovery Pro™, which provides fast processing software to pare down data sets to the most pertinent information.