Clio Raises $900M in Series F
Clio has successfully raised $900M in a Series F at a $3B valuation led by NEA, Goldman Sachs Asset Management, CapitalG.
Company Overview
Clio is a LegalTech company headquartered in Vancouver, Canada, founded in 2008 with 1000+ employees.
Cloud-based legal practice management software with AI capabilities
Fundraising Details
- Amount Raised: $900M
- Round Type: Series F
- Valuation: $3B
- Date: 2024-07-10
- Investors: NEA, Goldman Sachs Asset Management, CapitalG
About Clio
Cloud-based legal practice management software with AI capabilities The company is positioned in the LegalTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Vancouver, Canada
- Founded: 2008
- Team Size: 1000+
- Industry: LegalTech
What This Means
This funding round demonstrates strong investor confidence in Clio's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The LegalTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Clio's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $3B valuation marks an important milestone for Clio, positioning the company among notable players in the LegalTech industry.
Looking Ahead
With this new capital, Clio is well-positioned to execute on its growth strategy and continue building innovative solutions in the LegalTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-07-10. For more information about Clio, visit their headquarters at Vancouver, Canada.
