Clio (software company)
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| Company type | Private |
|---|---|
| Industry | Legal technology |
| Founded | 2007 |
| Founders |
|
| Headquarters | , Canada |
Number of employees | 900 [1] |
| Parent | Themis Solutions Inc. |
| Website | www |
Clio is a legal technology company headquartered in Burnaby, British Columbia. It 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
[edit]Clio was established in 2007 by Jack Newton and Rian Gauvreau.[3] Clio launched first cloud-based practice management software developed for law firms.[4]
In 2012, Clio's Series B raised $6 Million.[5][6] The company 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.[9]
In 2014, Clio received $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
[edit]References
[edit]- ^ "Careers - Clio". Clio.
- ^ "Features - Clio". Clio.
- ^ 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.
- ^ McCullough, Michael (2014-05-31). "Vancouver's Clio leads a wave of startups making big business out of niche software". Canadian Business.
- ^ Empson, Rip (2012-01-30). "Clio Grabs $6 Million To Help Bring Small Legal Practices To The Cloud". TechCrunch.
- ^ Simpson, Scott (2012-01-30). "Vancouver software developer Clio announces $6 million funding round". Vancouver Sun.
- ^ Simpson, Neilson (2019-02-04). "The state of legal tech". Canadian Lawyer.
- ^ Ambrogi, Robert (2013-02-04). "Clio Releases Full-Featured iPhone App". LawSites.
- ^ a b Ambrogi, Robert (2018-08-10). "Cloud Practice Management Software Grows Up". Above The Law.
- ^ Kolodny, Lora (2014-03-25). "Vancouver Startup Clio Raises $18M to Help Lawyers Cut Inbox Clutter". The Wall Street Journal.
- ^ Silcoff, Jean (2019-09-04). "Vancouver-area legal software company Clio raises $250-million in venture capital funding". The Globe And Mail.
- ^ Matthews, Steve (2014-09-22). "Clio Announces "Next" UI at User Conference". Slaw.
- ^ Lee, Keith (17 October 2016). "Review: Clio Legal Trends Report 2016". Associate’s Mind.
- ^ "Legal Trends - Clio". Clio.
- ^ Tashea, Jason (2019-10-04). "Clio acquires Lexicata, launches customer relationship product Clio Grow". ABA Journal.
- ^ "Cloud Technology Leader Clio Announces $250 Million Investment from TCV and JMI to Transform the Legal Industry". VentureBeat. 4 September 2019.
- ^ "Clio Secures US$110M Series E Funding Round". Clio. Retrieved 2021-09-01.
- ^ Merken, Sara (26 October 2021). "Clio unveils payments tech lawyers developed in-house". Reuters. Retrieved 2021-11-03.