Exterro Secures New Financing in 'Pre-IPO Round' Valued 'Over a Billion Dollars'
Exterro CEO and president Bobby Balachandran noted the company is looking to double down on its growth by "turbo charging" its innovation, expanding geographically and having an aggressive M&A roadmap.
July 25, 2022 at 05:00 PM
4 minute read
Legal Technology
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.
Balachandran noted the new financing will be leveraged by Exterro to double down on its strategy of helping clients holistically deal with their data-related governance, risk and compliance (GRC) needs.
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