After the dot-com bust, it seems VC investments are a decent indicator of business potential. So it is interesting to note that a legal offshoring company has received $4 million investment.
Pangea3, which, according to a March 30th press release, “has created a hybrid business model, leveraging world-class talent from India with US oversight to offer clients legal, patent and IP technical support services at a dramatically lower price structure,” received a $4 million investment from the GlenRock Group. The “funds will be used to recruit top legal talent to ensure continued growth in both the US and India and to expand facilities and offerings in both markets.”
In my post Offshoring Beyond the Routine (May 2005), I reported on a conversation I had with Pangea’s co-founders.