Clio’s Series F Funding: How it Benefits You

We know—from working with our many tens of thousands of customers who rely on Clio everyday—that running a law firm has never been easy, especially without access to the right software. We started Clio with a vision to make running a law firm much easier, more lucrative for legal professionals, and more convenient for clients. 

It’s a vision that still holds true today, and I’m excited to share the next step in that journey with you.

I’m proud to announce that Clio has raised $900M USD in Series F funding, the largest of its kind for any cloud-based legal technology, worldwide. It’s also a remarkable reflection of the work we’ve done in our 16 years to pioneer—and continue to lead—the development of cloud-based legal technology. Most importantly, it’s all been in pursuit of our mission to transform the legal experience for all.

With this investment, we’ve expanded our team of partners to include the esteemed New Enterprise Associates (NEA), which led our latest funding round, as well as new partners Goldman Sachs Asset Management, Sixth Street Growth, CapitalG, and Tidemark, who join our current investors. Between them, these firms have been involved in some of the biggest, most exciting growth stories within the past two decades—including Facebook, Netflix, Salesforce, Uber, Workday, Dropbox, AirBnB, and Spotify. Each of these companies has had a transformative effect on their industries—and we plan to continue to have just as much of an impact in our work to empower legal professionals to redefine success in their own practices.

What does this mean for you? 

This new investment marks a new stage of growth for Clio that will ensure that we continue leading innovation and advancement in legaltech through our portfolio of products. In other words, if you’re a legal professional who uses Clio, you’ll continue to see more benefits from partnering with the world’s leading legal technology provider. We’ve already made great strides in the past year to enhance the features and capabilities within Clio Manage, Clio Grow, Clio Draft, and Clio Payments—this is in addition to launching a dedicated module for personal injury practices, plus two of our biggest product releases with Clio File and Clio Accounting. This year, we’re also introducing Clio Duo, our generative AI solution that will assist lawyers with routine tasks and provide insights into how to run more efficient practices. 

Looking forward, this funding will support our vision for legaltech innovation and open exciting new doors for us. 

I’m energized by this news, and I’m also grateful to those who’ve joined us in our mission. I’m incredibly proud to say that Clio is approved by over 100 bar associations and law societies, worldwide, including all 50 US States. Clio’s App Directory also features over 250 integrations. And, we support countless law students through our work with legal clinics involved in our Clio’s Academic Access Program (CAAP). This is in addition to the many Clio Channel Partners we work with to bring Clio to an ever-growing community of tech-forward law firms. To all of the many partners we work with, thank you for your ongoing services and collaboration. 

Of course it goes without saying that none of this would have been possible without Team Clio. Thank you to every Clion on our roster, which stands today at over 1,100 employees. 

And finally, a huge thank you to our customers. We’re immensely proud of everything we’ve accomplished so far. I want to share my gratitude for your investment and trust in us as we continue to deliver the best that legaltech has to offer. 

If you’d like to learn more about our vision, legaltech, and innovation for your law firm—and to see our upcoming product announcements firsthand—I invite you to join me in Austin, Texas, this October for the Clio Cloud Conference, the biggest and most exciting event in legal. Tickets to attend in person and virtually are still available, so get them while you can. 

In the meantime, stay tuned—we can’t wait to start this exciting next chapter with you all.

We published this blog post in July 2024. Last updated: July 23, 2024.

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