Disco, an Austin, TX-based legaltech 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, and Breyer Capital.
The company wil use the proceeds from the financing to continue to invest in building AI-powered solutions that address the entire litigation lifecycle, to expand its sales and marketing capabilities in North America, continue to grow its presence in EMEA and APAC and build its strategic channel program and engagement with global service providers.
Led by CEO Kiwi Camara, Disco provides solutions that include the DISCO cloud technology platform, software products like DISCO Ediscovery and DISCO Case Builder, and productized legal services like DISCO Managed Review.
Corporate legal departments, law firms, and government agencies around the world use the company’s solutions for ediscovery, case management, compliance, disputes, and investigations.