Vancouver born Clio continues to revamp its c-suite with the addition of a new Chief Financial Officer today.
Experienced technology finance leader Curt Sigfstead has joined the company as its new CFO. Late last year Clio expanded its c-suite by naming a new Chief Operating Officer, Chief People Officer, Chief Technology Officer, and Chief Marketing Officer.
Prior to joining Clio, Sigfstead held the CFO position at fellow Canadian unicorn, Clearco, where he successfully managed 100+% revenue growth and led the Company’s $125 million Series C financing, increasing its Series C valuation sixfold. Sigfstead was previously the Head of West Coast Technology Investment Banking at J.P. Morgan.
Sigfstead brings a wealth of experience leading and advising some of the technology sector’s largest M&A deals and raising billions of dollars of capital across public and private debt and equity markets to Clio, as the company sets the course for an exciting next chapter.
“Clio is made up of an ambitious team, constantly improving and disrupting the status quo. I am thrilled to join the company as we build on that success,” said Sigfstead. “This is a formative era for Clio, and I am confident that we can develop and execute on our goals. I look forward to working with Jack and the wider Clio team.”
As Clio’s CFO, Sigfstead’s responsibilities extend to all of the company’s finance functions, including accounting, treasury, financial planning and analysis, legal, and corporate development. His track record of major financing events includes mergers and acquisitions, IPOs, and private and public equity debt financings.
“I’m thrilled to welcome Curt to Clio’s executive leadership team,” said Jack Newton, CEO and Founder of Clio. “His extensive experience in capital raising, venture investing, and successful market launches could not come at a better time as we continue to grow and expand our market position and offerings.”
Sigfstead will take over the role of CFO from Rob Froment who, after a long and successful career, is retiring. In his tenure with Clio, Froment played an important role in the evolution of the company, overseeing all three of Clio’s acquisitions, leading the Series D and E funding rounds, and the launch of Clio Payments.
Newton told BetaKit he spent the past year looking for Froment’s replacement, speaking with what he called hundreds of candidates before settling on Sigfstead.
Clio continues to hire, with plans to grow to 1,000 employees by the end of 2022. Newton told BetaKit the company is now focused on expanding its senior leadership team, and plans to hire 200 people across the board in the first quarter of this year alone.
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