Ohio-based Heureka, the endpoint-indexing software spinoff of e-discovery vendor VeDISCOVERY, just closed out a $1.1 million round of seed funding with plans to expand into Series A funding next year.
The company leaned heavily on Ohio’s regional funders in its seed fundraising, with this early investment coming largely from Cleveland venture development firm JumpStart, local angel investors, and a $100,000 grant from the Great Lakes Innovation and Development Enterprise. Heureka founder and chairman Ronald Copfer told Legaltech News that the current seed funding should grow into an additional $1.4 million by the end of the month, and an additional $1.8 million by the end of the year. The company also expects to raise around $4-5 million in Series A funding early next year.
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