In the US, eDiscovery company DISCO is preparing for an IPO. This follows other notable legaltech IPOs such as Nuix, PEXA (scheduled for 1 July 2021), thedocyard (now Ansarada), InTapp (IPO being planned) and LegalZoom (IPO being planned).
In its SEC filing, DISCO states that it has estimated the size of the market for its services to be US42 billion.
The last four quarters of revenue totaled US$74m.
It has been reported that DISCO is seeking to raise $100m.