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
Published April 5, 2022.
