The Vancouver-based legaltech company said it raised US$110 million in a Series E funding round from investors including OMERS Growth Equity. (The Logic)
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The Vancouver-based legaltech company said it raised US$110 million in a Series E funding round from investors including OMERS Growth Equity. (The Logic)
Talking point: The company said the new valuation makes it the first legal-practice management unicorn in the world. Clio plans to use the funds to make strategic acquisitions and add 250 employees this year, faster than originally planned, among other growth plans. The company is considering going public in the near future, but not as early as 2021, chief executive Jack Newton told Bloomberg. Clio is now one of several Canadian unicorns. Last week, Toronto-based Clearblanc reached a nearly US$2-billion valuation after its latest funding round.
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