E-discovery and information governance software provider Exterro announced Tuesday it has completed a recapitalization and secured additional equity capital in a financing round led by Leeds Capital.
Exterro did not disclose the exact amount of the round, but the company’s CEO and president Bobby Balachandran told Legaltech News it is valued at “over a billion dollars,” which included both the equity financing and recapitalization. In addition to Leeds Capital, who first invested in Exterro in 2018, other participants in the round include Coller Capital and Glendower Capital.
