eFileCabinet, Inc., a Lehi, Utah-based paperless document management company, secured a $14m Series B funding.
The round was led by Palo Alto-based Allegis Capital and Salt Lake’s Signal Peak Ventures.
The company plans to invest funding into sales and marketing efforts, as well as strategic partnership and OEM opportunities.
Led by President and CEO Matt Peterson, eFileCabinet automates the process of organizing and managing files. It acts as a central repository for all working and archived files, letting users securely manage, retain, route and share files allowing users to ensure compliance with HIPAA, SEC/FINRA and FERPA. The solution, available both on the cloud and on-premise platforms, integrates with office software including Salesforce, Microsoft Office and QuickBooks.
The company currently serves 153,000 users including SMBs and enterprises in the accounting, financial services, insurance, medical, HR, small government verticals and many others.