Clio Secures Historic $900 Million Investment to Drive Legal Tech Innovation and Global Expansion

Clio has raised the largest investment round in Canadian history.

The global leader in legal tech has raised $900 million in a Series F round led by New Enterprise Associates based on a valuation of $3 billion.

Clio will use the new funding to expand its multi-product platform, including further investments in its fast-growing AI portfolio and integrated legal payments, as well as accelerate its rapid market expansion into upstream and international markets.

The investment also ranks among the top five SaaS venture deals in 2024.

For 16 years, Clio, headquartered in Burnaby, British Columbia, has been at the forefront of developing innovative cloud-based solutions tailored to the unique needs of the legal industry.

Clio is the law firm operating system that powers every aspect of the legal process. It simplifies law firm administration by centralizing client intake, case management, document management, legal payments and more.

Clio is also the world's largest legal technology platform, endorsed by more than 100 bar associations and bar associations around the world with over 250 legal technology software integrations.

This investment further solidifies the company's position as a sector leader in the legal market and marks the beginning of a new chapter of growth. “We are excited to embark on this journey with NEA and our outstanding group of investors,” said Jack Newton, CEO and Founder of Clio.

The Clio Operating System is the undisputed platform in legal technology, designed to not only meet but anticipate the future demands of the industry. We are driving this future for our clients with a mission to transform the legal experience for everyone. Our commitment to delivering unparalleled value drives every decision we make, and we are excited by the tremendous opportunity ahead.

Clios' all-in-one payments business has grown rapidly since its launch in 2022 and now processes billions of dollars of legal transactions each year across the US, Canada and the UK.

Clio has over 1,100 employees across North America, EMEA and APAC regions. Headquartered in Burnaby, British Columbia, with offices in Calgary and Toronto. Clio is actively hiring across all areas of the business including sales, marketing, product and customer success.

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