This is the Disco pitch deck to raise a $60m series-f round in 2020.
About
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 clients. Corporate legal departments, law firms, and government agencies around the world use DISCO as an e-discovery solution for compliance, disputes, and investigations. The company is reinventing legal technology to automate and simplify complex and error-prone tasks that distract from practicing law.
DISCO was founded in 2012 and is based in Austin, Texas.
Cloud-based technology is having its moment, especially in the legal industry.
As attorneys have been propelled to work remotely amid the pandemic, data security and streamlined work processes are top-of-mind for law firms, leading them to adopt cloud technology. A recent Clio report found that nearly 80% of respondents use cloud storage — and 96% plan on doing so moving forward.
Investors are taking note. Disco, a cloud-based e-discovery platform that uses artificial intelligence to streamline the litigation process, snapped up $60 million in equity financing this October.
Its Series F, led by Georgian Partners and also backed by VC titans like Bessemer Venture Partners and LiveOak Venture Partners, brings total investment to $195 million, valuing the company at $785 million.
Launched in Houston in 2012, Disco offers AI-fueled products geared towards helping lawyers review and analyze vast quantities of documents, allowing them to more efficiently determine which ones are relevant to a case.
“We’re leveraging this basic idea that we want lawyers to spend their time working on the things that only they can do. And we want technology to automate away the boring, mundane, and repetitive tasks,” explained Kiwi Camara, Disco’s CEO and co-founder.
Funding Rounds
Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
Dec 17, 2020 | Debt Financing – DISCO | 1 | $40M | Comerica Incorporated |
Oct 15, 2020 | Venture Round – DISCO | 5 | $60M | Georgian |
Jan 24, 2019 | Series E – DISCO | 5 | $83M | Georgian |
Jan 30, 2018 | Series D – DISCO | 3 | $20M | Bessemer Venture Partners |
Aug 2, 2016 | Series C – DISCO | 3 | $18.6M | Stephens Group |
Nov 20, 2014 | Series B – DISCO | 2 | $10M | Bessemer Venture Partners |
Jan 15, 2014 | Series A – DISCO | 1 | $2M | LiveOak Venture Partners |
Pitch Deck Review Summary
Slide by Slide Review
Deck Collection
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