Clio, a provider of cloud-based legal technology, has raised US$250 million in Series D funding. The investors were TCV and JMI Equity. Raymond James served as a buyside financial adviser to TCV on this transaction. According to the announcement of this fundraising, it “marks one of the largest in legal technology, the largest in Canadian history, and a definitive shift for the future of the legal industry.” Clio has offices in Toronto, Calgary, Los Angeles and Ireland.
Source: Press Release