British Columbia legal tech firm, Clio announced a record-setting raise of US$900 million, at US$3 billion valuation, in an oversubscribed Series F investment round led by New Enterprise Associates (NEA), one of the world’s largest venture capital firms, and also includes new partners Goldman Sachs, Sixth Street, CapitalG, and Tidemark. They joined existing investors TCV, JMI Equity, T. Rowe Price and OMERS.

This latest round is the largest investment ever in a cloud legal technology company, as well as a top-five largest capital raise ever for a vertical market software company and the largest venture investment ever in a Canadian technology company.

Law firms Osler, Hoskin & Harcourt LLP and Wilson Sonsini Goodrich & Rosati served as legal counsel to Clio. William Blair acted as Clio's exclusive financial advisor.