Disco, an Austin, Texas-based legal technology company, raised $60m equity financing.Ā
The round, which valued the company at $785m, was led by Georgian PartnersĀ with participation from existing investorsĀ Bessemer Venture Partners,Ā LiveOak Venture Partners, andĀ The Stephens Group and new investorĀ Breyer Capital.
The company intends to use the funds to expand its go-to-market team, doubling sales capacity in North America over the next 12-15 months, expanding its dedicated enterprise sales team, and growing its presence in the EMEA and APAC regions, and its strategic channel program, working with service providers who resell DISCO, including a growing number of the largest global service providers and continue to invest in its cloud technology platform, software products like DISCO Ediscovery and DISCO Case Builder, and productized legal services like its AI-powered DISCO Managed Review offering.
Led by Founder and Chief Executive Officer Kiwi Camara, Disco is a legal technology company that applies artificial intelligence and cloud computing to legal problems to help lawyers and legal teams improve legal outcomes for their clients. Corporate legal departments, law firms, and government agencies around the world use DISCO for ediscovery, case management, compliance, disputes, and investigations.
FinSMEs
15/10/2020