Venture • Internet Software and Services

Acton Capital Invests In Clio

On January 31, 2012, venture capital firm Acton Capital invested in internet software and services company Clio

Investment Context

This is Acton Capital’s 8th transaction in the Internet Software and Services sector.
This is Acton Capital’s 2nd transaction in Canada.
This is Acton Capital’s 2nd transaction in British Columbia.

Investment Fate

Clio was sold to a consortium of financial buyers in 2019.

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Investment Summary
Date	January 31, 2012
Target	Clio
Sector	Internet Software and Services
Investor(s)	Acton Capital
Deal Type	Venture

Target Company

Clio

Burnaby, British Columbia, Canada

Clio engages in cloud-based legal technology, empowers lawyers to be both client-centered and firm focused through a suite of cloud-based solutions, including practice management, CRM and client intake software. Clio has been transforming the industry for over a decade with 150,000 customers spanning 90 countries, and the approval of over 65 bar associations and law societies globally. Clio was founded in 2008 and is based in Burnaby, British Columbia.

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Investor Overview 1

Investor

Acton Capital

Investor Investor

Category	Venture Capital Firm
Founded	1999
PE ASSETS	600M EUR
Size	Middle-Market
Type	Sector Focused

DESCRIPTION

Acton Capital is a late-stage venture capital firm focused on investing in web-based companies benefiting from the 'digital revolution'. The Firm has a special interest in companies and sectors benefiting from the transition to online activity and will consider opportunities across Europe and North America. Acton Capital Partners was formed in 1999 and is headquartered in Munich, Germany.

Deal Context for Investor	#
Overall	15 of 39
Sector: Internet Software and Services	8 of 18
Type: Venture	10 of 31
State: British Columbia	2 of 3
Country: Canada	2 of 5
Year: 2012	1 of 3

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2011-08-02	BSAG Bueroservice24 AG Hamburg, Germany BSAG Bueroservice24 AG offers a virtual office services for SMEs.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2011-08-02

BSAG Bueroservice24 AG

Hamburg, Germany

BSAG Bueroservice24 AG offers a virtual office services for SMEs.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2012-06-21	Kupivip Moscow, Russia KupiVIP is an early pioneer in the booming e-commerce sector in Russia. Focused on off-price luxury fashion, the shopping platform purchases discounted second- and first-season apparel and accessories from brand manufacturers. Today, KupiVIP is one of Russia’s largest online retailers for fashion and designer brands. Kupivip was founded in 2008 and is based in Moscow, Russia.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2012-06-21

Kupivip

Moscow, Russia

KupiVIP is an early pioneer in the booming e-commerce sector in Russia. Focused on off-price luxury fashion, the shopping platform purchases discounted second- and first-season apparel and accessories from brand manufacturers. Today, KupiVIP is one of Russia’s largest online retailers for fashion and designer brands. Kupivip was founded in 2008 and is based in Moscow, Russia.

Buy

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