DISCO Bundle
Who Owns CS Disco?
CS Disco, Inc., a legal technology innovator, began its journey as a privately held company before its public debut. Its founding in 2012 aimed to transform legal processes with AI-powered cloud solutions.
The company's initial public offering on July 21, 2021, opened its ownership to a wider audience, marking a significant step in its growth. As of mid-2025, CS Disco boasts a market capitalization of approximately $303.15 million.
Who owns CS Disco?
The ownership of CS Disco is a dynamic mix, primarily comprising institutional investors, company insiders, and individual shareholders. Institutional investors, such as asset management firms and mutual funds, often hold substantial blocks of shares, influencing the company's strategic decisions and governance through their voting power and investment strategies. Company insiders, including executives and board members, also possess significant ownership, aligning their interests with the company's long-term performance. Individual investors, ranging from retail traders to high-net-worth individuals, contribute to the broader shareholder base. This diverse ownership structure is key to understanding the forces shaping CS Disco's direction in the competitive legal technology market, where innovations like DISCO PESTEL Analysis are crucial.
Who Founded DISCO?
CS Disco, Inc. was established in 2012 by Gabe Krambs, Kent Radford, and Kiwi Camara. Their vision was to modernize the legal sector through technological innovation, with Camara being a prominent figure in applying AI and cloud computing to enhance legal team performance.
| Funding Round | Date | Amount | Lead Investor |
|---|---|---|---|
| Series A | January 2014 | $2 million | LiveOak Ventures |
| Series B | November 2014 | $10 million | Bessemer Venture Partners |
| Series C | August 2016 | $18.6 million | Stephens Group |
| Series D | January 2018 | $20 million | Bessemer Venture Partners |
| Series E | January 2019 | $83 million | Georgian |
| Venture Round | October 2020 | $60 million | Georgian |
| Debt Financing | December 2020 | $40 million | Comerica Incorporated |
The company's trajectory was significantly shaped by substantial funding, totaling $195 million in pre-IPO capital. This financial backing from prominent venture capital firms like LiveOak Ventures, Bessemer Venture Partners, Stephens Group, and Georgian was instrumental in fueling DISCO's technological advancements and market expansion, thereby influencing its early ownership structure.
Founding Visionaries and Early Investment
The inception of CS Disco, Inc. in 2012 was driven by founders Gabe Krambs, Kent Radford, and Kiwi Camara. Their collective aim was to revolutionize the legal industry with advanced technology, particularly focusing on AI and cloud solutions to improve client outcomes.
- Founded in 2012 by Gabe Krambs, Kent Radford, and Kiwi Camara.
- Kiwi Camara is recognized for driving AI and cloud solutions in legal tech.
- Early funding rounds were crucial for the company's development.
- Key investors included LiveOak Ventures, Bessemer Venture Partners, Stephens Group, and Georgian.
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How Has DISCO’s Ownership Changed Over Time?
The ownership of DISCO underwent a significant transformation on July 21, 2021, when the company transitioned from private to public ownership, listing on the New York Stock Exchange under the ticker 'LAW'. This IPO, priced at $32.00 per share, involved the offering of 7,700,000 shares, marking a pivotal moment that broadened its investor base considerably.
| Stakeholder Type | Percentage Ownership (as of July 23, 2025) | Key Holders (as of August 15, 2025) |
|---|---|---|
| Institutional Investors | 78.44% | Deer Management Co. LLC, Stephens Group, LLC, Topline Capital Management, LLC, Vanguard Group Inc, BlackRock, Inc., FSGRX - Franklin Small Cap Growth Fund Class A, Solel Partners LP, Lakewood Capital Management, Lp, ArrowMark Colorado Holdings LLC, Formula Growth Ltd. |
| Insider Ownership | 10.05% | Company executives and board members |
| Outstanding Shares | 61,741,846 | Total shares issued |
Following its public debut, DISCO's ownership structure reflects a strong institutional presence, with these entities holding the majority of the company's shares. The transition to a public company has also brought increased transparency and regulatory oversight, influencing DISCO's strategic direction in the competitive legal technology landscape. Understanding the Target Market of DISCO is crucial for appreciating the dynamics of its shareholder base.
DISCO's Evolving Shareholder Landscape
DISCO's journey to public trading has reshaped its ownership, attracting significant investment from major financial institutions.
- The company became publicly traded on July 21, 2021.
- Institutional investors held 78.44% of shares as of July 23, 2025.
- Insider ownership accounted for 10.05% as of July 23, 2025.
- The IPO involved 7,700,000 shares initially.
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Who Sits on DISCO’s Board?
The Board of Directors for CS Disco, Inc. is instrumental in guiding the company's strategic direction and corporate governance. As of May 2024, Scott Hill holds the position of Chairman of the Board, having previously served as interim CEO. Eric Friedrichsen took on the roles of President, Chief Executive Officer, and Director in April 2024.
| Director Name | Role | Appointed | Association |
|---|---|---|---|
| Scott Hill | Chairman of the Board | Prior to Sep 2023 (Interim CEO Sep 2023 - May 2024) | |
| Eric Friedrichsen | President, Chief Executive Officer, Director | April 2024 | |
| Krishna Srinivasan | Director | December 2013 | Founding Partner, LiveOak Venture Partners (Chaired board May 2021 - May 2024) |
| Tom Bogan | Director | March 2025 | Experience in scaling software companies |
| Colette Pierce Burnette | Director | ||
| Susan L. Blount | Director | ||
| Tyson Baber | Director | ||
| Aaron Clark | Director | ||
| Robert P. Goodman | Director | ||
| James Offerdahl | Director |
CS Disco, Inc. operates under a standard one-share-one-vote structure, meaning that each share of common stock grants its holder a single vote. This ensures that voting power is directly aligned with the number of shares owned, without any preferential voting rights for specific shareholders. This structure is a key aspect of the DISCO company ownership, reflecting a transparent approach to DISCO stock ownership.
Understanding DISCO Ownership Structure
The DISCO company ownership structure is characterized by a board with diverse expertise and a commitment to a one-share-one-vote principle. This framework influences who owns DISCO and how decisions are made.
- The board includes representatives from early investors and independent directors.
- Scott Hill serves as Chairman of the Board.
- Eric Friedrichsen is the current CEO.
- The company follows a one-share-one-vote policy for common stock.
- This structure ensures voting power is proportional to shareholding, impacting DISCO company financial ownership.
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What Recent Changes Have Shaped DISCO’s Ownership Landscape?
Over the past few years, the DISCO company has seen shifts in its leadership and a significant push into AI technology. Institutional investors continue to hold a substantial portion of the company's stock, indicating a stable, albeit evolving, ownership landscape.
| Ownership Type | Percentage |
| Institutional Ownership | 78.44% (as of July 2025) |
| Insider Ownership | 10.05% (as of July 2025) |
Recent developments at DISCO Inc. include key leadership appointments and strategic investments aimed at enhancing its AI capabilities. In April 2024, Eric Friedrichsen took over as CEO, with Scott Hill moving to Chairman of the Board. Tom Bogan joined the Board of Directors in March 2025, bringing valuable experience in scaling software platforms. Financially, fiscal year 2024 saw total revenue reach $144.8 million, a 5% increase from 2023, with software revenue at $120.1 million. The first quarter of 2025 reported total revenue of $36.7 million, a 3% year-over-year rise, followed by $38.1 million in Q2 2025, a 6% increase. Despite revenue growth, the company reported a GAAP net loss of $10.8 million in Q2 2025, with an adjusted EBITDA of $(2.7) million, reflecting continued investment in R&D, particularly for its AI-powered Cecilia platform.
AI Platform Growth
The Cecilia platform experienced a 150% increase in multi-terabyte matters between December 2024 and June 2025. New features like Cecilia Definitions and expanded Auto Review tools were launched in the EU and UK in Q2 2025.
Market Opportunity
The legal tech market is projected for 9.4% CAGR growth through 2032, fueled by AI adoption. Global data volumes are expected to grow significantly, from 22 zettabytes in 2024 to 146 zettabytes by 2029.
Shareholder Actions
The company has actively engaged in share repurchases, buying back $20.1 million worth of its shares as of December 31, 2024. This strategy aims to enhance shareholder value amidst ongoing investments.
Strategic Focus
DISCO's strategic differentiation through its AI capabilities positions it for potential long-term growth. Profitability remains a key area of focus for investors, alongside the company's Revenue Streams & Business Model of DISCO.
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