Osler client Clio closes record-setting US$250 million financing from TCV and JMI

Mark Longo

Sep 4, 2019

Osler, Hoskin & Harcourt LLP is proud to have represented Clio, a global leader in cloud-based legal technology, in closing a US$250 million Series D equity funding round from leading growth equity funds TCV and JMI Equity. The deal, which was announced today, is the largest venture-capital investment for a Canadian company since 2000[1].

Osler was counsel to Clio on the transaction with a multi-disciplinary, multi-office team led by Osler’s Emerging & High Growth Companies Group based out of Osler’s Vancouver office. Mark Longo, Vancouver Managing Partner and Co-Chair of Osler’s Emerging and High Growth Companies Group, has worked alongside Clio as counsel for nearly a decade through several financing rounds, acquisitions and other mission critical legal projects. 

“Osler and I have been privileged to work with Clio as the company has transformed itself from an early stage startup to a multi-national, anchor tenant of the British Columbia and Canadian technology sector,” stated Mark Longo. “Clio’s ability to attract world class investors TCV and JMI is a testament to the excellence of the Clio product and the leadership team’s vision for growth of Clio’s cloud-based legal software solutions on a global scale.”

“Clio was delighted to partner with Osler on this ground-breaking financing for the Canadian technology ecosystem. We were impressed with the depth and breadth of Osler’s full-service platform. The Osler team’s tireless effort and constant responsiveness were critical in getting this financing across the finish line,” stated Jack Newton, CEO and Co-founder of Clio. “We look forward to partnering with Osler as Clio scales to the next stage of our growth,” added Newton.

Clio is a market leader in cloud-based legal technology. Clio has been transforming the industry for over a decade with 150,000 customers spanning 100 countries, with over 150 integration partners and the approval of over 66 bar associations and law societies globally. Clio will remain headquartered in Vancouver, Canada with offices in Calgary, Toronto, Los Angeles and Dublin.  

Read Clio’s press release about the Series D financing.  

Learn more about Osler’s leading Emerging and High Growth Companies and Venture Capital teams.

For more information, please contact:
Rebecca Goldberg
Media and PR Specialist, Osler


[1] https://www.theglobeandmail.com/business/article-vancouver-legal-software-startup-clio-breaks-record-for-largest/