Daily News: March 23, 2017

Comerica Provides Debut Financing For CS Disco


CS Disco, the Houston-based eDiscovery software company which develops software as a service (SaaS) solutions developed by lawyers for lawyers, closed a new debt refinancing and expansion with Comerica Bank’s Technology and Life Sciences (TLS) Division.

“CS Disco is reinventing legal technology to automate and simplify complex tasks that create efficiencies and reduce errors at law firms,” said Tim Klitch, managing director, Comerica Bank, TLS Division. “We’re thrilled to provide the financing they need to continue on their path to rapid growth.”

CS Disco raised a large Series C round last July and sought expanded financing facilities to meet the growing demand for the software.

“Comerica’s commitment to the SaaS market is evidenced by not only their understanding of the challenges facing companies like ours but also their willingness to provide financing options that enable us to invest in industry leading technology,” said Gregory McCracken, CFA, CPA, CS Disco.