Legal tech startup Clio valued at $1. 6B after raising $110M

Published Apr 27 2021 at 1:00 PM GMT
Key
Points
  • New funding:"Online legal giant Clio raised $110 million, boosting its valuation to $1.6 billion.
  • The business: Founded in 2008 and based in the Vancouver, B C, area, Clio serves thousands of law firms that use its software to run their business and manage relationships with clients.
  • Clio is riding tailwinds from the pandemic that accelerated digital adoption within the legal industry as hearings and proceedings are done virtually.
  • Legal tech startups such as Ironclad and Reveal recently landed large funding rounds.
  • Clio employs more than 600 people and expects to add another 250 workers this year.




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  • Published Apr 27, 2021 1:00 PM GMT