How Much Did DISCO Raise? Funding & Key Investors

DISCO has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The company leverages artificial intelligence and cloud computing to revolutionize the legal technology landscape.

Keep reading to explore the intricacies of DISCO's fundraising journey and the investors backing this innovative platform.

What Is DISCO?

DISCO, founded in 2012, is a legal technology company based in Austin, Texas. The company was established by Gabe Krambs, Kent Radford, and Kiwi Camara.

DISCO leverages artificial intelligence and cloud computing to provide legal technology solutions. Their services are widely used for e-discovery, compliance, disputes, and investigations.

With a workforce of 501-1000 employees, DISCO aims to automate and simplify complex legal tasks, helping lawyers and legal teams improve outcomes for their clients.

How Much Funding Has DISCO Raised?

1. Series A
   • Amount Raised: $2M
   • Date: January 2014
   • Lead Investors: LiveOak Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop and launch their initial product offerings.
2. Series B
   • Amount Raised: $10M
   • Date: November 2014
   • Lead Investors: Bessemer Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand their market reach and enhance product features.
3. Series C
   • Amount Raised: $18.6M
   • Date: August 2016
   • Lead Investors: Stephens Group
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and improve technology infrastructure.
4. Series D
   • Amount Raised: $20M
   • Date: January 2018
   • Lead Investors: Bessemer Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and expand into new markets.
5. Series E
   • Amount Raised: $83M
   • Date: January 2019
   • Lead Investors: Georgian
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop AI capabilities and enhance product offerings.
6. Venture Round
   • Amount Raised: $60M
   • Date: October 2020
   • Lead Investors: Georgian
   • Valuation at Round: $785M
   • Motivation Behind the Round: To expand sales capacity and invest in cloud technology.
7. Debt Financing
   • Amount Raised: $40M
   • Date: December 2020
   • Lead Investors: Comerica Incorporated
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing operations and strategic initiatives.

Total Amount Raised: $233.6M. Current Valuation: $785M.

Key Investors

• Georgian Partners
  • Details: Georgian Partners is a growth equity firm based in Toronto, Canada. They focus on investing in technology companies that leverage applied artificial intelligence, machine learning, and data analytics.
  • Investment Focus Areas: Technology, artificial intelligence, data analytics.
  • Notable Investments: Shopify, FreshBooks, Ritual.
• Bessemer Venture Partners
  • Details: Bessemer Venture Partners is a venture capital firm that invests in early-stage and growth-stage companies. They have a global presence and a diverse portfolio across various sectors.
  • Investment Focus Areas: Technology, healthcare, financial services.
  • Notable Investments: LinkedIn, Pinterest, Twilio.
• LiveOak Venture Partners
  • Details: LiveOak Venture Partners is an early-stage venture capital firm based in Austin, Texas. They primarily invest in technology and technology-enabled services companies.
  • Investment Focus Areas: Technology, software, services.
  • Notable Investments: CS Disco, OJO Labs, Digital Pharmacist.
• The Stephens Group
  • Details: The Stephens Group is a private equity and venture capital firm based in Little Rock, Arkansas. They invest across various industries, focusing on long-term growth.
  • Investment Focus Areas: Private equity, venture capital, diverse industries.
  • Notable Investments: Kele, Inc., Sound Seal, Trident Maritime Systems.
• Breyer Capital
  • Details: Breyer Capital is a global venture capital and private equity firm. They focus on high-impact, high-growth companies across various sectors.
  • Investment Focus Areas: Technology, healthcare, media.
  • Notable Investments: Facebook, Etsy, Marvel Entertainment.

What's Next for DISCO?

DISCO is poised to capitalize on the growing demand for legal technology solutions, particularly in e-discovery and compliance. With plans to double its sales capacity in North America and expand into EMEA and APAC regions, the company is well-positioned to tap into new markets and enhance its global footprint.

Future fundraising opportunities seem promising as DISCO continues to innovate and scale. The recent $60 million funding round underscores investor confidence, suggesting potential for additional rounds to support further expansion and technological advancements. However, challenges such as scaling operations in new regions and maintaining service quality amid rapid growth could pose hurdles.

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