Extract from article by Rachel Sandler
Logikcull, a San Francisco-based startup that makes eDiscovery software, didn’t need the money when Silicon Valley venture firm New Enterprise Associates approached the company last year. Yet, the firm gave Logikcull $22 million, preempting its next funding round, the company announced in January.
Logikcull didn’t need the cash because, a year earlier, business had “exploded,” CEO Andy Wilson told Business Insider. The company’s headcount has expanded from 35 to over 100. And customer count has increased 500% in under a year.
“To be honest, we really weren’t ready for it,” Wilson said. “We were averaging a few customers a month before, now we get 70 to 80 per month.”
Additional Reading:
- An Abridged Look at the Business of eDiscovery: Mergers, Acquisitions, and Investments
- An Abridged Look at the Business of eDiscovery: A Short List of Investors
A Matter of Pricing? A Running Update of Semi-Annual eDiscovery Pricing Survey Responses
First administered in December of 2018 and conducted four times during the last two years with 334 individual responses, the semi-annual eDiscovery Pricing Survey highlights pricing on selected collection, processing, and review tasks. The aggregate results of all surveys as shared in the provided comparative charts may be helpful for understanding pricing and its impact on purchasing behavior on selected services over time.
