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 aims to enhance the efficiency and effectiveness of legal service delivery. The company's focus on innovation positions it as a leader in the legal tech industry, catering to the evolving needs of modern law practices.
How much funding has Clio raised?
Clio has raised a total of $1.8B across 7 funding rounds:
Series A
$1M
Series B
$6M
Series C
$20M
Series D
$250M
Series E
$110M
Series F
$900M
Series G
$500M
Series A (2011): $1M, investors not publicly disclosed
Series B (2012): $6M led by Acton Capital and Point Nine
Series C (2014): $20M supported by Bessemer Venture Partners, Acton Capital, Point Nine, and Version One Ventures
Series D (2019): $250M featuring JMI Equity and Technology Crossover Ventures
Series E (2021): $110M backed by T. Rowe Price Associates and OMERS Growth Equity
Series F (2024): $900M with participation from Sixth Street Growth, Tidemark, New Enterprise Associates, and CapitalG Management
Series G (2025): $500M led by Goldman Sachs Asset Management, Sixth Street, JMI Equity, and New Enterprise Associates
Key Investors in Clio
Goldman Sachs Asset Management
Goldman Sachs Asset Management is a global investment management firm founded in 1991, providing comprehensive investment and advisory services across traditional and alternative investments. They leverage their global network to offer tailored investment solutions for institutions, financial advisors, and individuals.
Sixth Street
Sixth Street is a global investment firm with significant assets under management, specializing in various financing solutions for growth-oriented companies. They have a history of investing in prominent technology and consumer brands.
JMI Equity
JMI Equity, founded in 1992, is a growth equity firm that focuses on investing in leading software companies. They are known for their expertise in scaling software businesses.
What's next for Clio?
The substantial enterprise-level funding and recent strategic investment indicate Clio is in a robust scaling phase, likely focusing on expanding its market reach, enhancing its platform's AI capabilities, and potentially pursuing strategic acquisitions. The company's trajectory suggests a continued emphasis on innovation within the legal technology space, aiming to further solidify its position as an indispensable tool for legal professionals globally. Future developments may include deeper integrations with other business software and advanced analytics for law firms.
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