Clio completes US$250M Series D equity financing

Clio recently closed a US$250-million Series D equity funding round from leading growth equity funds TCV and JMI Equity, in the largest venture-capital investment for a Canadian company since 2000.

Clio is a global leader in cloud-based legal technology that empowers lawyers to be both client-centred and firm focused through a suite of cloud-based solutions, including legal practice management, client intake and legal CRM software. Clio serves the needs of 150,000 customers spanning 100 countries, with more than 150 integration partners, and the approval of over 66 bar associations and law societies worldwide.

Osler, Hoskin & Harcourt LLP represented Clio as counsel on the transaction with a team led by Mark Longo (Emerging and High Growth Companies) and including Arlene Mack (Corporate), Patrick Sullivan (Corporate), Tara Folk (Emerging and High Growth Companies), Dov Begun (Tax), Sam Ip (Technology), Jennifer Cao (Corporate), Bryce Kustra (Real Estate), Brian Thiessen (Employment), Rachel St. John (Privacy) and Manvir Rai (OslerWorks).

Goodwin Procter LLP acted as counsel to JMI Equity.

TCV was represented by Stikeman Elliott LLP in Canada, and by Weil, Gotshal & Manges LLP in the United States.