KLD Discovery Raises Undisclosed Growth Funding Round

KLD Discovery, a McLean, Virginia-based provider of technology-enabled services and software for law firms, corporations, government agencies and consumers to solve complex data challenges, raised a funding round of undisclosed amount.

Backers included WestView Capital Partners and existing investors Revolution Growth and the Carlyle Group. As part of the investment, Rick Williams, Managing Partner at WestView, will join KLD’s board of directors.

The company will use the funds to continue to invest in sales, marketing, and technology.

Led by Chris Weiler, CEO, and Dan Akerson, Chairman, KLDiscovery provides technology-enabled services and software delivering ediscovery, information governance and data recovery solutions to support the litigation, regulatory compliance, internal investigation and data recovery and management needs of such clients as law firms, corporations, government agencies and consumers.
The company offers data collection and forensic investigation, early case assessment, electronic discovery and data processing, application software and data hosting for web-based document reviews, and managed document review services.
In addition, through its global Ontrack Data Recovery business, KLDiscovery delivers data recovery, email extraction and restoration, data destruction and tape management.
The company, which acquired Kroll Ontrack in 2016, now operates a truly global eDiscovery platform with over 1,000 employees in 43 offices spanning 20 countries around the world.



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