Clio
TypePrivate
IndustryLegal technology
Founded2007 (2007)
Founders
  • Jack Newton
  • Rian Gauvreau
Headquarters
Burnaby, British Columbia
,
Canada
Number of employees
900 [1]
ParentThemis Solutions Inc.
Websitewww.clio.com

Clio is a legal technology company headquartered in Burnaby, British Columbia. Clio offers law firms cloud-based software that handles various law practice management tasks including client intake, contact management, calendaring, document management, timekeeping, billing, and trust accounting.[2]  

History 

Clio was established in 2007 by Jack Newton and Rian Gauvreau, who felt that the software commonly in use by law firms at the time was too expensive and difficult to use.[3] When the company launched its software in 2008, it was the first cloud-based practice management software developed for law firms.[4]

In 2012, Clio's Series B raised $6 Million.[5] At the time, this investment was the second-largest ever made in a British Columbia-based internet company.[6] The company also made the first version of its Application Programming Interface available in 2012.[7]

In September 2013, Clio released a mobile application that provides access to the company's software from iOS devices.[8] The release occurred at the company's first annual Cloud Conference, an event that has gained prominence in the legal technology industry.[9] 

In 2014, Clio received a further $20 Million in Series C funding from Bessemer Venture Partners, with participation from its initial investor, German-based venture capital firm Acton Capital Partners.[10][11] Clio also announced the Android version of their mobile application and a major product update.[12]

In October 2016, Clio published the first Legal Trends Report, an annual publication that references aggregated metrics from the company's user base to analyze trends and benchmarks in law firm operations.[13][14]  

On October 5, 2018, Clio announced that it had acquired client intake software provider Lexicata and that the Lexicata product would be converted into a new product called Clio Grow.[15] By this time, Clio also supported 120 integrations with other legal software applications.[9] 

One year later, in September 2019, Clio raised a $250M (USD) Series D from TCV, JMI Equity.[16]

On April 27, 2021, after several acquisitions in the legal technology space, Clio was valued at $1.6B with the announcement of a $110M Series E funding round.[17][18]

See also

References

  1. ↑ "Careers - Clio". Clio.
  2. ↑ "Features - Clio". Clio.
  3. ↑ Scarlat, Irina (2015-12-10). "From 0 to 30k users in 27 million USD in funding. The story of Clio". HowToWeb. Archived from the original on 2019-07-09.
  4. ↑ McCullough, Michael (2014-05-31). "Vancouver's Clio leads a wave of startups making big business out of niche software". Canadian Business.
  5. ↑ Empson, Rip (2012-01-30). "Clio Grabs $6 Million To Help Bring Small Legal Practices To The Cloud". TechCrunch.
  6. ↑ Simpson, Scott (2012-01-30). "Vancouver software developer Clio announces $6 million funding round". Vancouver Sun.
  7. ↑ Simpson, Neilson (2019-02-04). "The state of legal tech". Canadian Lawyer.
  8. ↑ Ambrogi, Robert (2013-02-04). "Clio Releases Full-Featured iPhone App". LawSites.
  9. 1 2 Ambrogi, Robert (2018-08-10). "Cloud Practice Management Software Grows Up". Above The Law.
  10. ↑ Kolodny, Lora (2014-03-25). "Vancouver Startup Clio Raises $18M to Help Lawyers Cut Inbox Clutter". The Wall Street Journal.
  11. ↑ Silcoff, Jean (2019-09-04). "Vancouver-area legal software company Clio raises $250-million in venture capital funding". The Globe And Mail.
  12. ↑ Matthews, Steve (2014-09-22). "Clio Announces "Next" UI at User Conference". Slaw.
  13. ↑ Lee, Keith (17 October 2016). "Review: Clio Legal Trends Report 2016". Associate’s Mind.
  14. ↑ "Legal Trends - Clio". Clio.
  15. ↑ Tashea, Jason (2019-10-04). "Clio acquires Lexicata, launches customer relationship product Clio Grow". ABA Journal.
  16. ↑ "Cloud Technology Leader Clio Announces $250 Million Investment from TCV and JMI to Transform the Legal Industry". VentureBeat. 4 September 2019.
  17. ↑ "Clio Secures US$110M Series E Funding Round". Clio. Retrieved 2021-09-01.
  18. ↑ Merken, Sara (26 October 2021). "Clio unveils payments tech lawyers developed in-house". Reuters. Retrieved 2021-11-03.
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