Who: Vancouver-based Clio, which offers cloud-based management tools for the legal industry.
How much: $6-million in a deal led by Acton Capital Partners, a Munich-based growth equity investor, as well as existing investors, including Berlin-based Point Nine Capital, an early stage investor.
The Quote: “The legal space is ripe for disruption,” Boris Wertz, Acton’s Vancouver-based venture partner and a member of Clio’s board of directors, said in a press release. “Although this industry has traditionally been regarded as slow to adopt technological changes, recent investments show it’s now ready to benefit from technological innovations like cloud computing.”
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