Zapproved develops cloud-based e-discovery software for corporate legal departments, with its flagship product Legal Hold Pro. The company was founded in 2008 by CEO Monica Enand and is based in Portland, Oregon. Legal Hold Pro is adopted by Fortune 500 and Global 2000 corporations. Zapproved received a strategic investment from Vista Equity Partners. The company intends to use the funds to accelerate its growth in the e-discovery software market and to expand its team. The amount and specific terms of the investment were not disclosed in the announcement. Zapproved provides cloud-based eDiscovery and data-retention software that uses algorithmic collection to reduce the volume of data needing lawyer review. The company’s flagship product is Legal Hold Pro, and it has launched Data Collect Pro (built on its acquisition of eCloud Collect) and Digital Discovery pro data processing. Zapproved targets large enterprises across industries such as airlines, automotive and consumer goods, and reports a customer base that includes very large companies. The startup became cash-flow positive after gaining traction in the conservative legal market and now has about 50 employees. Founded in 2008 and based in Portland, Ore., Zapproved emphasizes a smarter, cost-saving approach to eDiscovery versus the traditional “collect everything” mindset. Management raised outside capital to accelerate product development and scale support for its growing enterprise customer base. Zapproved offers Legal Hold Pro, a SaaS tool for managing legal hold notifications and compliance. Clients include Fortune 500 companies, law firms and government agencies. The company intends to use the funds to further expand the reach of its Legal Hold Pro flagship product. Founded in February 2008 and based in Portland, Ore., Zapproved is expanding its product line to create a suite of applications addressing additional compliance issues and workplace collaboration. Zapproved closed a $1.45M Series B in 2011, with participation from prior investors.

Total raised

$16M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2015