Canada’s newest unicorn: Clio raises $110M at a $1.6B valuation for legal tech

Canada’s newest unicorn: Clio raises $110M at a $1.6B valuation for legal tech

3 years ago
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https://techcrunch.com/2021/04/27/canadas-newest-unicorn-clio-raises-110m-at-a-1-6b-valuation-for-legal-tech/

Clio, a software company that helps law practices run more efficiently with its cloud-based technology, announced Tuesday it has raised a $110 million Series E round co-led by T. Rowe Price Associates Inc. and OMERS Growth Equity.

The round propels the Vancouver, British Columbia-based company to unicorn status, valuing it at $1.6 billion. Clio last raised in September of 2019 when it brought in $250 million in a Series D financing. With the latest funding, Clio claims that it’s the “first legal practice management unicorn” globally. The investment also brings its total capital raised since its 2008 inception to $386 million.