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Legal Tech Startup Spotlight: DISCO

Spotlight on DISCO, a startup that provides a cloud-native, artificial intelligence-powered legal solution that simplifies discovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments.

Spotlight on: DISCO

HQ: Austin, TX

Employees: 511

Total Raised to Date: $462.00M

Growth Rate: 1.49% (98th Percentile)

Institutional Investors:

  • Bessemer Venture Partners
  • Breyer Capital
  • Georgian
  • Globalive Capital
  • LiveOak Venture Partners
  • The Stephens Group

Twitter: @CSDisco

URL: www.csdisco.com/

Description:

CS Disco Inc provides a cloud-native, artificial intelligence-powered legal solution that simplifies discovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments. Its revenue-generating activities directly relate to the sale and support of legal solutions. It has two primary types of contractual arrangements: usage-based and subscription solutions. The usage-based revenue is derived from contracts under which customers are billed monthly based on their usage. Subscription revenue is derived from contracts where customers are contractually committed to a minimum data volume over a period of time.

Most Recent Financing Status (as of 27-Jul-2021)

The company raised $224 million in its initial public offering on the New York Stock Exchange under the ticker symbol of LAW on July 21, 2021. A total of 7,000,000 shares were sold at $32 per share. After the offering, there was a total of 56,378,863 outstanding shares at $32 per share, valuing the company at $1.80 billion. The underwriters were granted an option to purchase up to an additional 700,000 shares from the company and 200,000 shares from the selling shareholders to cover over-allotments, if any.

To learn more about DISCO, go to www.csdisco.com/

To nominate a startup to be featured, email Kristin Calve, Editor & Publisher, CCBJ, [email protected] and [email protected].

Source: Pitchbook, Mar 2022


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