Thursday, January 24, 2019

Austin's DISCO Finds $83M More In Big Investment Round

Austin-based DISCO, the provider of cloud-based, ediscovery software, has raised a big new funding round, saying this morning that it has raised $83M in an investment round. The funding was led by Georgian Partners, and also included Bessemer Venture Partners, LiveOak Venture Partners, The Stephens Group, and venture-debt provider Comerica. According to DISCO, it has now raised a total of $135M. Georgian Partners' Tyson Baber has joined the company's board as part of the funding round. According to DISCO, which is led by founder and CEO Kiwi Camara, the funding will go towards accelerating its growth. The company's software is used for the process of electronic discovery (ediscovery), the legal process where companies are often required to produce evidence or documents as part of lawsuits; that software is also often used for compliance efforts and other internal uses by legal teams.