The e-discovery market has continued to court private equity in recent years, and now has attracted one of its largest funding rounds. On Tuesday, cloud-based litigation and investigation platform Everlaw announced completion of a $202 million Series D funding round led by new investor TPG Growth, which raises the company’s valuation to north of $2 billion.
Everlaw CEO and founder AJ Shankar told Legaltech News that the money will go towards accelerating product development, growing out the company’s support and success team and pushing into new geographies. ”We want to do more of what we’re doing and do it faster and better. And I think getting this additional capital now kind of allows us to invest in all of the areas that we need in order to be able to do that,” he said.
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