Monday, April 4, 2011

Zapproved Gets $1.45M

Portland-based Zapproved, a developer of software-as-a-service focused on compliance, said Monday that it has raised $1.45M in a Series B funding round. The firm said the funding came from a group of angel investors, including Steven Singh, Concur Technologies; Mark Stevens, formerly at Sequoia Capital; Skip Walter, of Attenex Inc; Allen Alley, formerly of Pixelworks; Kanth Gopalpur of Monsoon Commerce; and Raj Kulkarni, founder of GemStone Systems. Other angels also included Steve Sharp, Triquint Semiconductor; Steve Wynne, Jeld-Wen and founding partner of Ater Wynne LLP; Randy Steck, formerly at Intel; and Taizoon Doctor, founding CEO of Xovix and Volved. Zapproved's software helps handle legal hold notification and compliance for Fortune 500 companies. More information »