Clio, the global authority in legal technology, has secured $900 million in a Series F investment round, bringing the company's valuation to $3 billion. The round was spearheaded by New Enterprise Associates (NEA) and incorporated new partners Goldman Sachs Asset Management, Sixth Street Growth, CapitalG, and Tidemark, as well as existing investors TCV, JMI Equity, T. Rowe Price Associates, and OMERS. This substantial investment will enable Clio to expand its multi-product platform, further invest in its AI portfolio and integrated legal payments, and accelerate its market expansion internationally and upmarket, aiming to serve more than 130 countries.
Clio, founded in 2008, has revolutionized the legal technology landscape by offering cloud-based solutions that streamline law firm management. It has over 250 software integrations and endorsements from over 100 law societies and bar associations worldwide. Its platform incorporates client intake, case management, document management, and legal payments. NEA, a global investment firm with over $25 billion in assets under management, sees Clio as a mission-critical player in the legal sector, citing its exceptional team, product leadership, and market potential. NEA's investment reflects confidence in Clio's ability to innovate and deliver significant value, with the firm's growth fund poised to support Clio's next phase of growth.
