Jack Newton, CEO and co-founder of Clio. Clio Secures $110M Investment, Sees 'Explosive Demand' for Cloud-Based Legal Tech
With a valuation of over $1 billion, Clio sees its unicorn status and the rising acceptance of cloud-based legal tech software as a new chapter for the legal services industry.
April 27, 2021 at 09:01 AM
4 minute read
Add Clio to the growing list of $1 billion-valued legal tech unicorns. Today, the cloud-based practice management technology provider announced it secured $110 million during a Series E round at a $1.6 billion valuation.
The funding round, which was led by investment firm T. Rowe Price Associates with participation from OMERS Growth Equity, comes less than two years after Clio's $250 million Series D investment round in September 2019.
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