Pangea3 gets $7-m in funding

BANGALORE, INDIA: Pangea3 LLC, legal process outsourcing company today announced that it has secured $7 million in Series C funding from Sequoia Capital India.

Sumir Chadha, managing director of Sequoia Capital India, would join Pangea3’s board of directors, a Pangea3 statement said.

The additional financing would be used to fund the company’s continued expansion and aggressive recruitment of legal talent in India and in the US, increase its service offerings and accelerate its sales and marketing efforts.

“Sequoia has an exemplary track record and we are very excited to join its portfolio of industry leading companies,” said David Perla, co-CEO and co-founder of Pangea3. “Sumir Chadha, one of the founding members of Westbridge Capital and a former executive of Goldman Sachs, will make an excellent addition to Pangea3’s board of directors.”

“Over the previous year, Pangea3 has expanded exponentially and has added several new service offerings. The additional funding will allow us to leverage our existing model of world class legal services with US attorney management to take advantage of the increasing number of opportunities in this market,” said Sanjay Kamlani, co-CEO and co-founder of Pangea3.

Additional Pangea3 investors include the GlenRock Group, LLC, Sunil Wadhwani, CEO of iGate (IGTE), a business outsourcing company, current and former executives from Columbia Pictures, IBM, eBay, PriceWaterhouseCoopers, Monster Worldwide, Citigroup, GECIS, Pershing/DLJ, and Warburg Pincus