Work Here?
About Clio
Industries
Legal
Company Size
1,001-5,000
Company Stage
Series F
Total Funding
$1.3B
Headquarters
Burnaby, Canada
Founded
2008
Overview
Clio provides legal practice management software that helps law firms operate more efficiently. Its two main products, Clio Grow and Clio Manage, serve different purposes: Clio Grow is designed to enhance the client intake process and improve engagement with clients, while Clio Manage allows law firms to organize tasks, manage cases, handle documents, and process payments all in one platform. Clio caters to a diverse clientele, from solo practitioners to large law firms, and operates on a subscription-based model, charging users monthly or annually for access to its software. The goal of Clio is to streamline legal operations, reduce administrative tasks, and support the growth of legal practices.
Simplify's Take
What believers are saying
- Clio raised $900M to enhance AI and expand internationally in 2024.
- Clio's valuation reached $3 billion, reflecting strong investor confidence.
- Clio plans to deepen its presence in over 130 countries, boosting global reach.
What critics are saying
- Emerging AI-driven startups could challenge Clio's market position.
- Staying private may limit Clio's access to public market capital.
- Significant investment in AI and expansion could strain Clio's resources.
What makes Clio unique
- Clio offers a comprehensive suite of tools for law firm management.
- Clio Grow and Clio Manage streamline client intake and case management.
- Clio's subscription model provides consistent revenue from law firms of all sizes.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$1279.9M
Above
Industry Average
Funded Over
7 Rounds
New Enterprise Associates
Bessemer Venture PartnersBenefits
Company equity
401k
Parental leave options and stipend
Flexible paid time off
Stipend to support WFH
Various wellness benefitsand programs
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -1%Space will serve as the formal Vancouver home of Creative Destruction Lab
BC tech companies raised $4.47 billion in 2024 across 53 financing deals over $5 million, with the top 10 deals totaling $3.34 billion. Clio led with a $1.23 billion Series-F round, marking the largest in BC tech history. Other notable deals include NanoVation Therapeutics' $815 million partnership and Blockstream's $292 million financing. The average financing round was $44.26 million, with 29 companies raising over $20 million each.
Clio, a legaltech company based in Burnaby, BC, raised a record-breaking $900 million USD Series F round at a $3 billion USD pre-money valuation in 2024. This round surpassed 1Password's previous record and accounted for nearly half of Canada's Q3 2024 tech funding. Clio's decision to stay private reflects a trend of Canadian tech companies avoiding the public market due to investor pressure and market conditions. Many companies, like Nuvei, have gone private, with IPOs expected to pick up in 2025-2026.
Canadian legal software company Clio raised $900 million in a Series F round led by NEA, valuing the company at $3 billion. The funds will enhance AI capabilities and expand international markets. Clio's CEO, Jack Newton, emphasized the integration of workflows and AI to boost lawyer productivity. The round included investors like Goldman Sachs and CapitalG. Clio plans further investment in AI and legal payment solutions, including the new AI solution "Clio Duo."
NEA-led investment, the largest transaction ever in cloud legal technology, includes participation from Goldman Sachs Asset Management, Sixth Street Growth,...
Clio is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Clio
Industries
Legal
Company Size
1,001-5,000
Company Stage
Series F
Total Funding
$1.3B
Headquarters
Burnaby, Canada
Founded
2008
Clio is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today