Canopy Ventures Backs eFileCabinet

Lindon, Utah-based Canopy Ventures said today that it has made a $1M investment commitment in Provo, Utah-based eFileCabinet, a provider of electronic document management and online backup services. According to Canopy Ventures, the financing will be used to accelerate eFileCabinet's sales and marketing efforts. eFileCabinet offers an online service for managing files and backing up data. The firm targets the accounting, human resources, financial services, medical, and government markets. More information »