Cs Disco Inc Stock Price, News & Analysis

LiveOak Venture Partners, based in Austin, Texas, announced the addition of Paola Retes as Vice President, enhancing its investment team. This comes alongside the launch of its third fund, amounting to $210M, targeting early-stage companies in Texas. The firm aims to leverage Retes’ diverse investment background to support its growing portfolio. LiveOak has invested nearly $500M over the past decade, backing over 50 companies, including DISCO (NYSE: LAW). The addition is intended to strengthen the firm's capabilities in attracting diverse entrepreneurs in the Texas market.

DISCO (NYSE: LAW) has partnered with LexFusion, a collective of legal innovation companies, to enhance ediscovery services for legal professionals. This collaboration aims to accelerate digital transformation in law firms and corporations, focusing on risk reduction, compliance, and cost control. Joe Borstein, CEO of LexFusion, highlighted DISCO's technology as pivotal for navigating complex legal challenges. The partnership is expected to empower legal teams to improve service delivery and client satisfaction through advanced AI technology and transparent pricing.

CS Disco, Inc. (NYSE: LAW) announced that its CEO, Kiwi Camara, and CFO, Michael Lafair, will present at the Piper Sandler Growth Frontiers Conference on September 13, 2022, at 3:00 p.m. Central Time. A live webcast of the presentation will be accessible on the company's investor relations website, with a replay available shortly after the event.

DISCO offers AI-driven legal solutions, enabling efficient eDiscovery, document review, and case management for various legal entities. For further details, visit www.csdisco.com.

Closinglock, a fintech startup based in Austin, has successfully raised $4 million in a seed round led by LiveOak Venture Partners. The funds will be directed towards expanding teams in sales, customer success, and product development. Closinglock addresses the critical issue of wire fraud in real estate, which costs the industry over $1 billion annually. Its secure portal technology has safeguarded over $100 billion in transactions across 42 countries, aiming to enhance trust in real estate dealings.

CS Disco, Inc. (NYSE: LAW) reported second quarter 2022 revenue of $33.7 million, a 14% increase year-over-year. The customer base grew to 1,255, up 27% YoY. However, the company faced a GAAP net loss of $20.2 million, significantly higher than the $3.1 million loss in Q2 2021. Adjusted EBITDA also worsened to ($12.4) million from ($1.6) million. For Q3 2022, DISCO expects revenue between $32.0 - $34.0 million and adjusted EBITDA losses between ($19.5) - ($17.5) million.

Nada, a fintech company based in Dallas, has successfully completed an $8.1M seed funding round led by LiveOak Venture Partners. The funds will enhance their investment products, develop a secondary trading platform, launch a mobile app, and introduce a real estate-backed debit card. Founded three years ago, Nada offers unique opportunities for retail investors, allowing participation with as little as $250. The company aims to democratize real estate investment and has already engaged over 1,500 users, showcasing robust growth.

DISCO (NYSE: LAW) will announce its financial results for Q2 2022, ending June 30, after market close on August 11, 2022. A conference call will follow at 5:00 p.m. ET, accessible via phone and webcast. Investors can listen for key insights regarding the company's AI-powered legal solutions, which enhance eDiscovery and case management for various legal entities. Detailed audio replays will be available for a limited time after the call. For additional information, visit DISCO's investor relations website.

Legal technology leader CS Disco (NYSE: LAW) will present at the Bank of America Securities 2022 Global Technology Conference on June 8, 2022, at 10:15 a.m. PT. CEO Kiwi Camara and CFO Michael LaFair will represent the company. A live webcast will be available on DISCO's investor relations website, with an archived replay accessible for a limited time post-event. DISCO provides a cloud-native, AI-powered legal solution for ediscovery, legal document review, and case management, aimed at enhancing operational efficiency for various legal stakeholders.