Goldman, Alphabet Back Canadian Legal Software Firm in $900 Million Raise

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Legal software provider Clio clinched a $3 billion valuation in a funding round that brings in Goldman Sachs Asset Management and Alphabet Inc.’s venture arm as new investors.

Headquartered in a suburb of Vancouver, the company raised $900 million in a Series F round led by venture capital firm New Enterprise Associates, according to a statement Bloomberg TerminalTuesday. New Enterprise Co-CEO Tony Florence has joined Clio’s board.