Clio announces US$110 million Series E financing
On April 27, 2021, Clio announced a new valuation of US$1.6 billion after raising US$110 million in its Series E. The funding round was led by funds and accounts advised by T. Rowe Price Associates, Inc. and which also included OMERS Growth Equity.
The investment signals a historic moment in the growth of legal technology, with Clio becoming the first legal practice management unicorn globally.
Further information can be found on Canada Newswire’s website.
Clio is transforming the legal experience for all through cloud-based and client-centered legal technology.
T. Rowe Price is an investment management organization of T. Rowe Price Group, Inc., which has US$1.52 trillion in assets under management as of March 31, 2021. It provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries.
OMERS Growth Equity invests in high-growth companies backed by exceptional entrepreneurs, partnering to create long-term competitive advantage for companies with a commitment to innovation in industries such as healthcare and technology.