Clearwell, email analytics company, raises $17M

August 22, 2007 | Matt Marshall

Clearwell Systems, a Santa Clara email analytics company that lets employees search and manage correspondence related to things like litigation and regulatory issues, has raised $17 million in a third round of financing (see announcement).

It also said it surpassed 100 corporate customers.

We wrote about this company last year (scroll down), when it raised its second round of funding.

The site has a demo about how the product works.

The funding comes from new investor DAG Ventures, existing backers Redpoint Ventures and Sequoia Capital and an unnamed investor.

The company has now raised $16 million, and says that will be enough to get it to profitability.

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Tags: clearwell, deal

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.