B.C.'s Clio Raises Record-Breaking US$900M in Series F, Valued at US$3 Billion

Jul 23, 2024, 12:15 PM

Clio, a Vancouver-based legal tech company, has raised US$900 million in a Series F funding round, setting a new record for Canadian tech financing. The investment values Clio at US$3 billion. The company, which provides cloud-based tools to help law firms operate more efficiently, plans to use the funds to enhance its artificial intelligence and fintech capabilities. This historic investment marks the largest venture capital raise in Canadian history and comes at a time when the fundraising market is generally tepid. Clio aims to transform the legal experience for all and is considering an IPO in the future. The funding round was oversubscribed, and Clio's valuation has increased from US$1.6 billion in April 2021.