Clio, the global legal technology company specializing in AI-driven workflow automation, has secured $500 million in new funding led by New Enterprise Associates (NEA), bringing the company’s valuation to $5 billion. The round included participation from existing investors TCV, Goldman Sachs Asset Management, Sixth Street Growth, and JMI Equity, underscoring accelerating demand for AI tools that streamline legal and professional services.
Founded in 2008, Clio provides a cloud-based platform used by legal professionals in more than 130 countries to manage cases, research, billing, and operational workflows. The company also closed a $350 million debt facility led by Blackstone and funds managed by Blue Owl Capital to support continued expansion.
Clio said the fresh capital will fuel development of new AI products and drive additional strategic acquisitions, following last year’s $1 billion purchase of global legal research platform vLex. The investment comes amid a surge of venture interest in AI solutions aimed at reducing administrative burden and improving decision-making across professional sectors.
