TLDR:
- Clio announces a US $900M investment at a US $3B valuation in a Series F round led by NEA.
- This marks the largest capital raise and equity value for cloud legal software ever.
Clio, the global leader in legal technology, has secured a US $900 million investment at a US $3 billion valuation in its Series F funding round led by New Enterprise Associates (NEA). The round also includes participation from Goldman Sachs Asset Management, Sixth Street Growth, CapitalG, and Tidemark, among other investors. This investment is a significant milestone for the tech sector in Canada and the legal software industry.
With this funding, Clio plans to further expand its industry-leading operating system for the legal sector, enhance its AI portfolio, and strengthen its global market presence. The company aims to deepen its organic growth in more than 130 countries worldwide and continue innovating to meet the evolving demands of the legal industry.
Since its inception in 2008, Clio has been a pioneer in cloud-based solutions for the legal industry. The company offers a comprehensive platform that streamlines law firm management processes, including client intake, case management, document management, and legal payments. With over 250 legal technology software integrations, Clio is recognized as the world’s largest legal technology platform, endorsed by numerous law societies and bar associations globally.
Clio’s CEO and Founder, Jack Newton, expressed excitement about the oversubscribed funding round and highlighted the company’s commitment to transforming the legal experience for all. He emphasized the potential for AI to revolutionize legal tech and position Clio as a leader in the industry. With more than 1,100 employees across North America, EMEA, and APAC regions, Clio is poised for continued growth and innovation in the legal technology sector.
