Zapproved, Inc., a Portland, Ore.-based provider of a SaaS tool for managing legal hold notifications, closed a $1.45m Series B funding.
The round was led by angel investors including Steven Singh, CEO of Concur Technologies Inc., Mark Stevens, former General Partner at Sequoia Capital; Skip Walter, founding CEO and CTO of Attenex Inc; Allen Alley, former CEO and Chair of Pixelworks; Kanth Gopalpur, General Manager and President of Monsoon Commerce; and Raj Kulkarni, founder of GemStone Systems. They joined Series A investors Steve Sharp, Chairman of Triquint Semiconductor, Steve Wynne, Chief Marketing Officer for Jeld-Wen and founding partner of Ater Wynne LLP, Randy Steck, former VP and GM at Intel, and Taizoon Doctor, founding CEO of Xovix and Volved.
The company intends to use the funds to further expand the reach of its Legal Hold Pro™ flagship product for managing legal hold notification and compliance.
Clients that have already used Legal Hold Pro™ include Fortune 500 companies, law firms and government agencies.
Founded in February 2008, Zapproved is expanding its product line to create a suite of applications that address additional compliance issues and workplace collaboration.