Canada’s latest unicorn: Clio raises $110M at a $1.6 B appraisal for legal tech

Canada’s latest unicorn: Clio raises $110M at a $1.6 B appraisal for legal tech

Clio, a software business that assists law practices run more effectively with its cloud-based innovation, announced Tuesday it has raised a $110 million Series E round co-led by T. Rowe Price Associates Inc. and OMERS Growth Equity. The round propels the Vancouver, British Columbia-based company to unicorn status, valuing it at $1.6 billion. Clio last […] Clio last raised in September of 2019 when it brought in $250 million in a Series D funding. With the newest funding, Clio declares that it’s the “very first legal practice management unicorn” worldwide. In 2018, Clio made its first acquisition with its buy of Lexicata, a Los Angeles-based legal tech startup. — TechCrunch” src =”https://techcrunch.com/2021/01/07/with-5-new-unicorns-in-first-week-of-2021-are-we-in-for-a-stampede-this-year/embed/#?secret=oSe0XOWQ6Z”data-secret=” oSe0XOWQ6Z “width=” 800 “height=”450″frameborder=”0 “marginwidth=” 0″marginheight=”0″scrolling=”no” >”Over the next few years we plan to entirely redefine the way legal services are delivered and democratize access to legal help by way of the cloud,”Newton told TechCrunch.

Steno raises $3.5 million to end up being a sort of extension of law offices

Steno raises $3.5 million to end up being a sort of extension of law offices

The international legal services industry deserved $849 billion dollars in 2017 and is anticipated to become a trillion dollar industry by the end of next year. Little wonder that Steno , an L.A.-based startup, desires a piece. Like the majority of legal services outfits, what it’s offering
is a variety of ways for law practices to run […]
Steno launched with an offering that centers on court reporting. More recently, the start-up has actually included offerings like a remote deposition videoconferencing platform that it firmly insists is not only protected but can handle exhibit handling and other information in methods suggested to satisfy particular legal requirements, It also, very especially, has a lending item that enables legal representatives to take depositions without paying until a case is dealt with, which can take a year or 2. The idea is to totally free attorneys’ precious monetary resources– consisting of so they can take on other clients– up until there’s a payment, but of course, the product is also a possibly profitable one for Steno, as are most lending products. In the meantime, states Hong, Steno’s tech is”built extremely well “for legal services, and that’s where it plans to stay focused. …

Taika is developing a better coffee through natural chemistry and adaptogens

Taika is developing a better coffee through natural chemistry and adaptogens

So, an eight-year product veteran from Facebook and a globally popular barista walk into a coffee bar… … It’s not a joke. It’s the origin story for Taika, a new start-up that’s intending to bring natural stimulants to the masses through its juiced-up coffee drinks. The two co-founders, Michael Sharon, an eight-year veteran of Facebook’s mobile […] Talk to any of Sharon’s good friends and it’s plain to see that the man loves his coffee. The cornerstone of Sharon’s putatively powerful potables is a component typically discovered in tea called L-theanine. That summertime the coffee snob met the world’s finest barista and a friendship was formed that would blossom into the collaboration at the heart of Taika.”This coffee is like secretly healthy,” stated Sharon. It’s the origin story for Taika, a new start-up that’s aiming to bring natural stimulants to the masses through its juiced-up coffee beverages….