What is Clio?
Clio operates a comprehensive cloud-based software platform designed to streamline operations for law firms and legal professionals. Its integrated system manages critical aspects of legal practice, including client intake, case tracking, document management, billing, and payments. By incorporating features for document automation, client relationship management, and AI-driven legal research tools, Clio enhances efficiency and productivity within the legal industry. The company's focus on innovation positions it as a key player in the digital transformation of law.
How much funding has Clio raised?
Clio has raised a total of $1.3B across 6 funding rounds:
Series A
$1M
Series B
$6M
Series C
$20M
Series D
$250M
Series E
$110M
Series F
$900M
Series A (2011): $1M, investors not publicly disclosed
Series B (2012): $6M led by Point Nine and Acton Capital
Series C (2014): $20M supported by Acton Capital, Bessemer Venture Partners, Version One Ventures, and Point Nine
Series D (2019): $250M featuring JMI Equity and Technology Crossover Ventures
Series E (2021): $110M backed by OMERS Growth Equity and T. Rowe Price Associates
Series F (2024): $900M with participation from Tidemark, Sixth Street Growth, CapitalG, and New Enterprise Associates
Key Investors in Clio
Tidemark
Tidemark is a growth equity firm dedicated to helping companies achieve success and scalability, investing between $20 million to $150 million to foster the development of the next generation of industry leaders.
Sixth Street Growth
Sixth Street Growth partners with growth-oriented companies to provide tailored financing solutions aimed at accelerating both organic and inorganic growth, specializing in various sectors including energy, real estate, healthcare, and technology.
CapitalG
CapitalG is Alphabet's independent growth fund that invests capital and expertise to support remarkable entrepreneurs and transformational companies in accelerating their growth, focusing on growth-stage companies.
What's next for Clio?
The substantial Series F financing indicates Clio is poised for aggressive expansion and further product development. With a history of significant capital raises, including a $900 million Series F round, the company is likely to invest in scaling its operations, enhancing its technological capabilities, and potentially exploring strategic acquisitions. This latest backing suggests a focus on solidifying its enterprise-level offerings and expanding its reach within the global legal market, reinforcing its position as a leader in legal tech innovation.
See full Clio company page
