Legal technology firm DISCO completes $100 mn financing

DISCO, a legal technology company, announced the completion of its $100 million financing, valuing the company at $785 million.
Legal technology firm DISCO
DISCO raised $235 million to date.

The financing includes the previously announced $60 million in equity from Georgian, LiveOak Venture Partners, Bessemer Venture Partners, the Stephens Group, and Breyer Capital, and an additional $40 million in debt from Comerica, closed this week.

More than 700 corporations, law firms, and government agencies partner with DISCO to help them find evidence in litigation and investigations. Lawyers use DISCO in some of the most important cases in the world, including the 737 MAX litigation, the opioids litigation, and public investigations into government responses to COVID-19 worldwide.

DISCO will invest in building AI-powered solutions that address the entire litigation lifecycle. DISCO solutions include the DISCO cloud technology platform, software products like DISCO Ediscovery and DISCO Case Builder, and productized legal services like DISCO Managed Review.

DISCO is aggressively expanding its sales and marketing capabilities in North America, and will continue to grow its presence in EMEA and APAC. The company is also building its strategic channel program and engagement with global service providers.

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