Cloud-based legal technology firm Clio Wednesday said it has raised $250 million in new funding, possibly the largest venture capital round in Canadian history.

The Series D round was led by TCV and JMI Equity. The funding is a significant financial boost for a company that had previously only raised $26 million, including a $6 million round in 2012.

Founded in 2008, Clio offers a suite of web-based tools that are designed to assist law firms in practice management and client collaboration. Clio’s practice management system is said to be specifically designed for solo and small law firms, incorporating client data that can be accessed anywhere at any time.

“Over three-quarters of legal problems don’t receive legal assistance, yet lawyers are struggling to find new clients—it’s clear that something in the system is broken,” Jack Newton, chief executive officer and co-founder of Clio, said in a statement. “Clio is committed to building the essential operating system for lawyers, one that focuses relentlessly on unlocking new efficiencies and entry points to legal services.”

Speaking to Crunchbase News, Newton said that his software-as-a-service company helps legal professionals be more productive, grow their firms and “make legal services more accessible.” It also aims to help clients find lawyers more easily and vice versa.

The company says that its customers can expect to see ongoing investment in the depth and breadth of its offerings, “with even more powerful and flexible tools for legal professionals to manage and grow their practices, making them more efficient and sustainable as businesses.”

As part of the funding round, Mark Britton, a former Expedia executive and founder of legal marketplace Avvo.com, is joining Clio’s board of directors.

Image: Clio