Themis Solutions Inc. (Clio)’s $110 Million Series E Financing Round

Osler, Hoskin & Harcourt LLP advised Clio on the transaction.

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.

Themis Solutions Inc., doing business as Clio, designs and develops software. The Company offers legal practice management and CRM software including featuring calendaring, time tracking, note-taking, document management, trust accounting, managing retainers, billing, workflow automation, and data insights. Clio serves law firms in North America.

The Osler, Hoskin & Harcourt team was led by Mark Longo (Picture, 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).



Involved fees earner: Dov Begun – Osler Hoskin & Harcourt; Tara Folk – Osler Hoskin & Harcourt; Mark Longo – Osler Hoskin & Harcourt; Sagar Memon – Osler Hoskin & Harcourt; Laura Webb – Osler Hoskin & Harcourt;

Law Firms: Osler Hoskin & Harcourt;

Clients: Themis Solutions Inc.;

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Martina Bellini

Author: Martina Bellini