Clio Secures $900M Investment, Reaching $3B Valuation
The legal tech firm plans to expand AI and fintech offerings while growing its international and mid-market presence.
- Clio's Series F round led by New Enterprise Associates, with participation from Goldman Sachs and others.
- The company has more than doubled its valuation from $1.6 billion in 2021 to $3 billion.
- Clio aims to enhance its AI capabilities and expand its fintech products, including legal-specific payment solutions.
- The firm serves over 150,000 legal professionals and generates $200 million in annual recurring revenue.
- Clio plans to use the new funds to explore international markets and increase its mid-sized law firm clientele.