Company:Clio (software company)

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Short description: Software company in Canada
Clio
TypePrivate
IndustryLegal technology
Founded2007; 17 years ago (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.[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

References

  1. ↑ "Careers - Clio". https://www.clio.com/about/careers/. 
  2. ↑ "Features - Clio". https://www.clio.com/features/. 
  3. ↑ Scarlat, Irina (2015-12-10). "From 0 to 30k users in 27 million USD in funding. The story of Clio". https://www.howtoweb.co/blog/2015/12/from-0-to-30k-users-27-mill-in-funding-the-story-of-clio/. 
  4. ↑ McCullough, Michael (2014-05-31). "Vancouver's Clio leads a wave of startups making big business out of niche software". https://www.canadianbusiness.com/companies-and-industries/clio-law-practice-management-vancouver/. 
  5. ↑ Empson, Rip (2012-01-30). "Clio Grabs $6 Million To Help Bring Small Legal Practices To The Cloud". https://techcrunch.com/2012/01/30/clio-grabs-6-million-to-help-bring-small-legal-practices-to-the-cloud/. 
  6. ↑ Simpson, Scott (2012-01-30). "Vancouver software developer Clio announces $6 million funding round". http://www.vancouversun.com/technology/Vancouver+software+developer+Clio+announces+million+funding+round/6072763/story.html. 
  7. ↑ Simpson, Neilson (2019-02-04). "The state of legal tech". https://www.canadianlawyermag.com/author/scott-neilson/the-state-of-legal-tech-16780/. 
  8. ↑ Ambrogi, Robert (2013-02-04). "Clio Releases Full-Featured iPhone App". https://www.lawsitesblog.com/2013/09/clio-releases-full-featured-iphone-app.html. 
  9. ↑ 9.0 9.1 Ambrogi, Robert (2018-08-10). "Cloud Practice Management Software Grows Up". https://abovethelaw.com/2018/10/cloud-practice-management-software-grows-up/. 
  10. ↑ Kolodny, Lora (2014-03-25). "Vancouver Startup Clio Raises $18M to Help Lawyers Cut Inbox Clutter". https://blogs.wsj.com/venturecapital/2014/03/25/vancouver-startup-clio-raises-18m-to-help-lawyers-cut-inbox-clutter/. 
  11. ↑ Silcoff, Jean (2019-09-04). "Vancouver-area legal software company Clio raises $250-million in venture capital funding". https://www.theglobeandmail.com/business/article-vancouver-legal-software-startup-clio-breaks-record-for-largest/. 
  12. ↑ Matthews, Steve (2014-09-22). "Clio Announces "Next" UI at User Conference". http://www.slaw.ca/2014/09/22/clio-announces-next-ui-at-user-conference/. 
  13. ↑ Lee, Keith (17 October 2016). "Review: Clio Legal Trends Report 2016". https://associatesmind.com/2016/10/17/review-clio-legal-trends-report-2016/. 
  14. ↑ "Legal Trends - Clio". https://www.clio.com/resources/legal-trends/. 
  15. ↑ Tashea, Jason (2019-10-04). "Clio acquires Lexicata, launches customer relationship product Clio Grow". http://www.abajournal.com/news/article/clio_acquires_lexicata_starts_customer_relationship_product_clio_grow. 
  16. ↑ "Cloud Technology Leader Clio Announces $250 Million Investment from TCV and JMI to Transform the Legal Industry". 4 September 2019. https://venturebeat.com/2019/09/04/cloud-technology-leader-clio-announces-250-million-investment-from-tcv-and-jmi-to-transform-the-legal-industry/. 
  17. ↑ "Clio Secures US$110M Series E Funding Round" (in en-US). https://www.clio.com/about/press/clio-secures-series-e/. 
  18. ↑ Merken, Sara (26 October 2021). "Clio unveils payments tech lawyers developed in-house" (in en-US). https://www.reuters.com/legal/litigation/clio-unveils-payments-tech-lawyers-developed-in-house-2021-10-26/. 



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