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Clio Valued at US$1.6B With Announcement of US$110M Series E Funding to Support Explosive Demand For Cloud-Based Legaltech

Clio Announces Series E Funding Round to Support Explosive Demand For Cloud-Based Legaltech
Clio
This investment is indicative of the explosive demand for legal technology that empowers lawyers to be cloud-based and client-centred, said Jack Newton, CEO and Founder of Clio. The support from T. Rowe Price funds and accounts and OMERS Growth Equity will enable us to continue to create a more equitable and accessible legal system by making it easier for clients and law firms to work together through cloud-based technologies.
The legal industry is in the midst of a swift and massive transformation to cloud technology due to the need for law firms to find new ways to deliver services to clients. Although these needs were brought on by the events of the past year, the move to digital-first law firms is a permanent one as consumer expectations and behaviours change. ....

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

Canada’s 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. ....

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Law firm SaaS company Clio raises $110 million, reaches "unicorn" status

The Canadian startup had seen explosive growth amid the pandemic
27 Apr 2021
Legal technology company Clio has raised $110 million in a new funding round led by T. Rowe Price Investment Management and OMERS Growth Equity, bringing its valuation to $1.6 billion.
Clio envisions its software platform as an operating system for law firms providing cloud-based legal practice management software, client intake, and customer relationship management (CRM) services.
The Vancouver, British Columbia-based firm raised $250 million in a Series D round led by TCV and JMI Equity in September 2019. Clio has increased its valuation and risen to unicorn status with the latest funding. The total capital raised since the company s inception in 2008 now totals $386 million. The firm plans to use its new capital to continue investing in its platform and for strategic partnerships. ....

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Legaltech startup Clio Canada's latest unicorn following $136 million CAD Series E round

Legaltech startup Clio Canada’s latest unicorn following $136 million CAD Series E round
Cloud-based legal technology startup Clio is the latest company in Canada to reach unicorn status after securing a $136 million CAD ($110 million USD) Series E round at a reported $1.6 billion USD valuation.
The round was raised from two new investors to Clio, T. Rowe Price Investment Management and OMERS Growth Equity. The all-equity round was led by funds and accounts advised by T. Rowe Price Associates, a US-based asset manager for individuals, advisors, institutions, and retirement plan sponsors. The new funding, which brings Clio’s total funding to $503 million CAD to date, consisted mainly of primary capital with a small, undisclosed portion of secondary. ....

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TouchBistro hires financial services veteran Samir Zabaneh to lead restaurant software company's post-pandemic revival

The Globe and Mail
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Christopher Katsarov/(Christopher Katsarov/The Globe
TouchBistro Inc. has hired a veteran financial services executive to replace founder Alex Barrotti as chief executive officer, making the Toronto restaurant software firm the latest prominent Canadian technology “scaleup” to bring in a seasoned professional to lead its next stage of growth.
The company told staff Wednesday that TouchBistro chairman Samir Zabaneh had been named CEO as it tries to stop falling further behind Toast Inc., the Boston-based market leader in cloud-based technology for restaurants. Both companies have found pandemic-related shutdowns less damaging to their customer bases than anticipated. ....

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