Clio, a Vancouver, Canada-based provider of cloud-based management tools for the legal industry, has raised $6m in its Series B financing.
The round was led by Acton Capital Partners, with participation from existing investors including Point Nine Capital.
The company intends to use the funding to extend its product leadership position, develop new functionalities and support its customer base, expanding its presence beyond the U.S. (which currently represents 95% of its sales) into other markets including Europe, Canada and Australia.
In conjunction with the funding, Boris Wertz, Acton’s Vancouver-based Venture Partner, has joined Clio’s Board of Directors.
Led by Founder and CEO Jack Newton, Clio offers a comprehensive web-based practice management product specifically designed for solo practitioners and small-to-medium-sized law firms. It can be accessed using PCs and Macs as well as mobile devices including iPhone, iPad and other mobile devices.
FinSMEs
30/01/2012