What is Clio's latest funding round?

Clio, a legal AI company, has raised $500 million in a funding round led by New Enterprise Associates (NEA), valuing the firm at $5 billion.

How will Clio use the new funding?

Clio plans to use the $500 million to support the development of its AI-powered products and pursue strategic acquisitions to expand its legal technology offerings.

Clio is headquartered in Vancouver, Canada, and provides services to legal professionals in over 130 countries worldwide.

Home / Business and Economy / Legal AI Startup Clio Raises $500M, Valued at $5B

Legal AI Startup Clio Raises $500M, Valued at $5B

10 Nov

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Summary

Clio raises $500M in funding led by NEA
Valuation reaches $5B, up from $3B last year
Funding to support AI product development and acquisitions

Legal AI Startup Clio Raises $500M, Valued at $5B

On November 10, 2025, legal technology company Clio announced that it has raised $500 million in a funding round led by venture capital firm New Enterprise Associates (NEA). This latest investment values Clio at a staggering $5 billion, up from a $3 billion valuation just last year.

The fresh capital will enable Clio to accelerate its development of AI-powered tools and technologies aimed at streamlining legal workflows and automating routine tasks for law firms of all sizes. Clio, founded in 2008 by Jack Newton and Rian Gauvreau, currently provides services to legal professionals in over 130 countries worldwide.

In addition to the equity funding, Clio has also secured a $350 million debt facility led by Blackstone and funds managed by Blue Owl Capital. The company says this financing will further support its strategic acquisition plans as it looks to expand its AI-driven legal technology offerings.

The latest funding round saw participation from Clio's existing investors, including TCV, Goldman Sachs Asset Management, Sixth Street Growth, and JMI Equity. This influx of capital underscores the growing demand for AI-powered tools that can help legal firms boost efficiency, reduce costs, and improve decision-making.

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