Clio raised $900M in a Series F investment round led by New Enterprise Associates to advance its tech offerings with AI and expand to new markets and firms.

Jul 24, 2024•over 1 year ago

Amount Raised

$900 Million

Round Type

series f

Vancouver

Investors

OmersT. Rowe Price Investment Management, Inc.T. Rowe Price Associates, Inc.Jmi EquityTcvTidemarkCapital GSixth Street GrowthGoldman Sachs Asset ManagementNew Enterprise Associates

Description

16-year-old Canadian legal software firm Clio has announced a $900 million Series F investment round, led by New Enterprise Associates (NEA). The funding will be used to further advance its tech offerings with AI and other features, as well as expand to new markets and firms.

Company Information

Company

Clio

Location

300-4611 CANADA WAY

Vancouver, Washington, United States

About

Clio is transforming the legal experience for all by creating the world's leading cloud-based technologies for law firms—to keep lawyers and their clients better connected throughout the legal process. Firms of all sizes and practice areas use Clio products—Clio Manage, Clio Grow, and Lawyaw—to manage firm operations, streamline billing and payments, automate legal documents, and improve client experiences. Following its US$250M Series D funding, led by TCV and JMI Equity, and its US$110M Series E investment, led by T. Rowe Price Associates, Inc. and OMERS Growth Equity, Clio has made history by becoming the first legal practice management unicorn in the world. Learn more at clio.com.

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