Zapproved LLC
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Zapproved LLC - overview
Established
2008
Location
Portland, OR, US
Primary Industry
Software
About
Zapproved LLC, based in the US, specializes in eDiscovery software solutions designed to streamline legal processes for corporate legal teams, facilitating better risk management and compliance. Founded in 2008 in Portland, US, Zapproved LLC provides eDiscovery software aimed at corporate legal departments. The company was previously acquired by Exterro, Inc. in January 2023 from Vista Equity Partners and K1 Investment Management.
CEO and Founder Monica Enand has a history in the tech industry, leading Zapproved through its development and expansion. Zapproved has executed a total of 8 deals with the latest being a Series C funding round amounting to USD 15. 00 mn, led by K1 Investment Management, bringing the total amount raised to USD 15. 00 mn.
Zapproved specializes in eDiscovery software solutions tailored for corporate legal teams, with its flagship product, ZDiscovery, released in 2008. This platform simplifies legal holds, data preservation, collection, and review processes, enabling in-house legal teams to reduce reliance on external counsel. Key features include automated legal holds, compliance tracking, and customizable reporting capabilities. Serving over 350 corporate customers across various sectors such as banking, healthcare, and telecommunications, Zapproved's solutions are primarily utilized in North America.
Zapproved's revenue model is centered on subscription-based services, allowing corporate clients to access its eDiscovery software through annual or multi-year agreements. While specific pricing plans remain undisclosed, Zapproved focuses on B2B transactions within the legal and corporate sectors, ensuring its services meet the diverse needs of legal teams. The platform's security features and support enhance its value proposition for clients. Following the acquisition by Exterro, Inc.
, Zapproved LLC aims to strengthen its offerings in risk management, compliance, and legal governance. The strategic alignment under Exterro's umbrella is expected to accelerate product development and innovation within Zapproved's portfolio, empowering customers with enhanced eDiscovery capabilities. Further details on specific upcoming products or geographic expansions were not disclosed.
Current Investors
K1 Investment Management
Primary Industry
Software
Sub Industries
Legal Software, Analytics & Performance Software
Website
www.zapproved.com
Verticals
Cloud Computing
Total Amount Raised
Subscriber access only
Zapproved LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Zapproved LLC | - | ||||||||
| Secondary Buyout | Completed | Zapproved LLC | - |
Displaying 1 - 2 of 2
Zapproved LLC - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.