Clio, a Vancouver, BC, Canada-based provider of a cloud-based legal technology platform, raised US$110M in Series E funding at a new valuation of US$1.6 Billion.
The round was led by funds and accounts advised by T. Rowe Price Associates, Inc. and also included Omers Growth Equity.
The company intends to use the funds to further invest in its platform, strategic acquisitions, partnerships and to grow its workforce by 250 employees in 2021, with a focus on bolstering its product and engineering teams to continue innovating and evolving its product offerings.
Led by Jack Newton, CEO and Founder, Clio provides a cloud-based and client-centered legal technology platform offering practice management, CRM and client intake software.
The company currently employs over 500 staff across five global offices.