FinTechFunding

Disco: Receives $40M Debt Financing; Closes $100M Q4 Funding Round

  • Disco, an Austin, TX-based legal tech company, received $40M debt financing from Comerica
  • This deal brought Disco to complete its $100m fourth-quarter financing, bringing total investment to $235m, and valued the company at $785m
  • The $100m round included the previously announced $60m in equity from Georgian, LiveOak Venture Partners, Bessemer Venture Partners, the Stephens Group
  • The company will use the proceeds from the financing to continue to invest in building AI-powered solutions that address the entire litigation lifecycle
  • Disco also provides solutions that include the DISCO cloud technology platform, software products
  • Corporate legal departments, law firms, and government agencies around the world use the company’s solutions for e-discovery
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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