Exterro has raised significant capital across multiple funding rounds, supported by leading firms such as Coller Capital and Leeds Equity Partners. The platform empowers legal and compliance teams to manage data risk via eDiscovery, data governance, and cybersecurity compliance workflows, helping organisations navigate complex regulations while preserving data integrity.
What Is Exterro and What Does It Do?
Exterro, founded in 2004 by Bobby Balachandran, Shashidhar Angadi, and Karthik Palani, is headquartered in Portland, Oregon.
With approximately 447 employees as of October 2024, Exterro offers a data-risk management platform that covers data source discovery, collection, analysis, review, and audit readiness. Its solutions serve in-house legal teams and GRC functions by unifying workflows across privacy, compliance, cybersecurity, and litigation readiness.
How Much Funding Has Exterro Raised?
1. Series D
- Amount Raised: $100M
- Date: May 2018
- Lead Investors: Leeds Equity Partners
- Motivation: To accelerate product innovation and expand global reach.
Total Funding Raised: $100 Million
Current Valuation: $1 Billion (as of July 2022)
Latest Funding Date: July 2022
Key Investors
1. Coller Capital
- Details: Global private equity firm focused on secondary and growth investments.
- Investment Focus Areas: Growth-stage technology, enterprise software, infrastructure.
- Notable Investments: Exterro. Permira, Legend Capital, Lloyds Banking Group.
2. Leeds Equity Partners
- Details: Private equity firm specialising in high-growth software companies.
- Investment Focus Areas: Enterprise applications, SaaS, information management.
- Notable Investments: Exterro. 95 Percent Group, Crucial Learning, Archer Review.
3. Glendower Capital
- Details: Growth-stage investor focused on technology and expansion capital.
- Investment Focus Areas: Software, cloud platforms, transformational tech.
- Notable Investments: Exterro.
Where Is Exterro’s Headquarters?
Exterro is headquartered in Portland, Oregon, providing proximity to the Pacific Northwest tech and SaaS ecosystem and access to talent in enterprise software and data governance.
What’s Next for Exterro?
Exterro is positioned to capitalise on the increasing demand for integrated legal-operations, cybersecurity, and data-governance solutions. With its established GRC platform and backing from investors, the company aims to expand internationally, deepen its AI and automation capabilities for data risk workflows, and support organisations in tackling global privacy regulations.
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