Georgian Partners leads DISCO's $83 mln follow-on round

DISCO, an Austin, Texas-based enterprise legal technology company, has raised US$83 million in its latest financing, bringing total funding to US$135 million. The round was led by Canadian growth equity firm Georgian Partners, with participation from existing investors. Georgian Partner Tyson Baber joined the board. Founded in 2012, DISCO applies artificial intelligence and cloud computing to legal problems to help lawyers improve outcomes for their clients. The funds raised will be used for scaling U.S. and global operations. The company plans to open several international offices over the next few years, including in Canada.