On April 27, 2021, Clio, the market leader in cloud-based legal technology, announced the closing of its US$110 million Series E financing round led by T. Rowe Price Associates, Inc. with participation by OMERS Growth Equity. This financing round values Clio at US$1.6 billion and enables Clio to become the first legal practice management company globally to achieve “unicorn” status. Capital from the financing will be used to invest in Clio’s platform, for strategic acquisitions and partnerships aligned with the company's mission to transform the legal experience, for good.
Osler, Hoskin & Harcourt LLP advised Clio on the transaction with a team led by Mark Longo (Emerging and High Growth Companies) and consisting of Laura Webb (Emerging and High Growth Companies), Tara Folk (Emerging and High Growth Companies), Sagar Memon (Corporate), and Dov Begun (Tax).