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Vancouver-based legal software company Clio has become Canada’s latest tech “unicorn” after raising US$110 million in financing it hopes to use to launch an acquisition strategy and boost hiring.
The deal gives Themis Solutions Inc. — which operates as Clio — a valuation of more than US$1 billion, a milestone for tech startups known as “unicorn” status, and comes just a year and a half after it announced what was then the largest venture-capital investment for a Canadian company.
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