US$83m for eDiscovery company DISCO
US-based eDiscovery company DISCO has raised an US$83 million investment, “led by Georgian Partners, a Toronto-based venture-capital firm with deep expertise in applied artificial intelligence. Existing investors Bessemer Venture Partners, LiveOak Venture Partners, The Stephens Group, and venture-debt provider Comerica all participated in the round. Tyson Baber, a partner at Georgian Partners, joined DISCO’s board of directors.
“DISCO has raised US$135 million, more than any other enterprise legaltech company. This investment reflects the market’s consolidation behind DISCO as the leading cloud ediscovery platform, and the growing customer consensus that cloud ediscovery will replace legacy ediscovery services vendors and software providers, according to the company’s official announcement.
US$23m for Contract Management company Ironclad
From Ironclad’s announcement:
“In 2017, we announced our A-round funding, led by Accel. A lot has happened since then. We’ve quadrupled our team, customers, and revenue; we built out our executive leadership; we released Blueprint, the first workflow builder on the market that lets legal teams create and enforce contract policies. Most recently, we finalized our Series B funding for $23 million, led by Sequoia Capital, and welcomed Jess Lee, Sequoia partner and former CEO of Polyvore, to our board.
“We’re humbled to have Sequoia on board. Sequoia is incredible?—?the firm has backed the likes of Google, Apple, Oracle, Dropbox, Stripe, and Airbnb, and Sequoia-backed companies account for over 20% of NASDAQ’s total value. The team has the connections, tribal knowledge, and firepower to help us achieve our mission of powering the world’s contracts.”
Plus, in the field of Wills and Estates
… a £7.5 million venture round raised by U.K.-based Farewill, a company which lets people draft and store a legally-valid copy of their wills online. More at Crunchbase
… a US$1.5m seed funding for online US estate-planning business, Trust & Will www.trustandwill.com