PRZOOM - /newswire/ -
San Francisco, CA, United States, 2011/05/16 - New funds will be used to enhance electronic file wrapper, expand product portfolio, drive sales and marketing - FirstTofile.com.
First To File® (FTF), the world’s leading IP document management company, today announced that it has closed a $2 million Series B venture capital financing led by existing investor Foundation Capital. In total, the company has raised $4 million. The new funds will be used to extend the company’s portfolio of IP document management and automation solutions and to grow the company’s sales and marketing team. More information about FTF and its patent and trademark document management solutions is available at firsttofile.com/.
Separately, the company announced today the introduction of EFR® for Trademarks, a trademark document management solution. The announcement is available online. The new product complements FTF’s existing Electronic File Room (EFR) patent document management solution.
“SaaS solutions are transforming every aspect of modern business, and companies like First To File that apply the power of the Cloud to traditional business functions are especially attractive investments,” said William B. Elmore, general partner, Foundation Capital. “We’re pleased to continue to support First To File and its dedicated team as they accelerate through their next stage of growth and success.”
“At leading law firms and corporate legal departments around the world, First To File is chosen for intellectual property management solutions that reduce costs, decrease risk, and help meet business goals,” said James Bergeron, chief executive officer, First To File. “The capital we’ve raised in this Series B financing will enable us to expand our services, taking more global IP organizations paperless and extending our established leadership.”
About First To File (FTF)
First To File (firsttofile.com) is a legal services technology business based in San Mateo, Calif. First to File’s mission is to transform the manner in which IP professionals conduct business by automating the storage, management, and analysis of legal documents worldwide, enabling lawyers to more effectively add value to their organizations. FTF’s Electronic File Room (EFR) products provide Web-based document management and prosecution automation capabilities to IP organizations and law firms of all sizes. EFR reduces companies’ reliance on paper and transforms the manner in which they prosecute and manage IP, increasing overall visibility, efficiency, and IP quality while significantly reducing costs.
About Foundation Capital
Foundation Capital (foundationcapital.com) is a venture capital firm driven by the singular goal of changing the world—about leaving it a better place—by building great companies. It is this entrepreneurial spirit along with a deep technical expertise that gives the partners the understanding, perspective, and enthusiasm to help promising companies in their formative stages. Foundation Capital targets innovative opportunities in cleantech, consumer Internet and infrastructure; telecommunications and networking; and enterprise software and on-demand services. Foundation Capital maintains investments in nearly 70 ventures, including Calix, Financial Engines, Netflix and Silver Spring Networks.
First To File is a registered trademark of First To File, Inc. Electronic File Room is a trademark of First To File, Inc. Other names may be trademarks of their respective holders.