Clio (software company)
{{Short description|Software company in Canada}}
{{other uses|Clio (disambiguation)}}
{{Undisclosed paid|date=March 2023}}
{{Infobox company
| name = Clio
| logo = Clio Software Company Logo.png
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| type = Private
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| industry = Legal technology
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| founded = {{Start date and age|2007}}
| founders = {{Unbulleted list|Jack Newton|Rian Gauvreau}}
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| hq_location_city = Burnaby, British Columbia
| hq_location_country = Canada
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| parent = Themis Solutions Inc.
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| website = {{URL|https://www.clio.com}}
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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.{{Cite web|url=https://www.clio.com/features/|title=Features - Clio|website=Clio}}
{{Failed verification|date=February 2025}}
History
Clio was established in 2007 by Jack Newton and Rian Gauvreau.{{Cite web|url=https://www.howtoweb.co/blog/2015/12/from-0-to-30k-users-27-mill-in-funding-the-story-of-clio/|title=From 0 to 30k users in 27 million USD in funding. The story of Clio|website=HowToWeb|author=Scarlat, Irina|date=2015-12-10|archive-url=https://web.archive.org/web/20190709231919/https://www.howtoweb.co/blog/2015/12/from-0-to-30k-users-27-mill-in-funding-the-story-of-clio/|archive-date=2019-07-09}} Clio launched first cloud-based practice management software developed for law firms.{{Cite web|url=https://www.canadianbusiness.com/companies-and-industries/clio-law-practice-management-vancouver/|title=Vancouver's Clio leads a wave of startups making big business out of niche software
|website=Canadian Business|author=McCullough, Michael|date=2014-05-31}}
In 2012, Clio's Series B raised $6 Million.{{Cite web|url=https://techcrunch.com/2012/01/30/clio-grabs-6-million-to-help-bring-small-legal-practices-to-the-cloud/|title=Clio Grabs $6 Million To Help Bring Small Legal Practices To The Cloud
|website=TechCrunch|author=Empson, Rip|date=2012-01-30}}{{Cite web|url=http://www.vancouversun.com/technology/Vancouver+software+developer+Clio+announces+million+funding+round/6072763/story.html|title=Vancouver software developer Clio announces $6 million funding round
|website=Vancouver Sun|author=Simpson, Scott|date=2012-01-30}} The company made the first version of its Application Programming Interface available in 2012.{{Cite web|url=https://www.canadianlawyermag.com/author/scott-neilson/the-state-of-legal-tech-16780/|title=The state of legal tech
|website=Canadian Lawyer|author=Simpson, Neilson|date=2019-02-04}}
In September 2013, Clio released a mobile application that provides access to the company's software from iOS devices.{{Cite web|url=https://www.lawsitesblog.com/2013/09/clio-releases-full-featured-iphone-app.html|title=Clio Releases Full-Featured iPhone App
|website=LawSites|author=Ambrogi, Robert|date=2013-02-04}} The release occurred at the company's first annual Cloud Conference.{{Cite web|url=https://abovethelaw.com/2018/10/cloud-practice-management-software-grows-up/|title=Cloud Practice Management Software Grows Up
|website=Above The Law|author=Ambrogi, Robert|date=2018-08-10}}
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.{{Cite web|url=https://blogs.wsj.com/venturecapital/2014/03/25/vancouver-startup-clio-raises-18m-to-help-lawyers-cut-inbox-clutter/
|title=Vancouver Startup Clio Raises $18M to Help Lawyers Cut Inbox Clutter
|website=The Wall Street Journal|author=Kolodny, Lora|date=2014-03-25}}{{Cite web|url=https://www.theglobeandmail.com/business/article-vancouver-legal-software-startup-clio-breaks-record-for-largest/
|title=Vancouver-area legal software company Clio raises $250-million in venture capital funding
|website=The Globe And Mail|author=Silcoff, Jean|date=2019-09-04}} Clio also announced the Android version of their mobile application and a major product update.{{Cite web|url=http://www.slaw.ca/2014/09/22/clio-announces-next-ui-at-user-conference/
|title=Clio Announces "Next" UI at User Conference|website=Slaw|author=Matthews, Steve|date=2014-09-22}}
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.{{Cite web|url=https://associatesmind.com/2016/10/17/review-clio-legal-trends-report-2016/|title=Review: Clio Legal Trends Report 2016|website=Associate’s Mind|author=Lee, Keith|date=17 October 2016}}{{Cite web|url=https://www.clio.com/resources/legal-trends/|title=Legal Trends - Clio|website=Clio}}
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.{{Cite web|url=http://www.abajournal.com/news/article/clio_acquires_lexicata_starts_customer_relationship_product_clio_grow
|title=Clio acquires Lexicata, launches customer relationship product Clio Grow
|website=ABA Journal|author=Tashea, Jason|date=2019-10-04}} By this time, Clio also supported 120 integrations with other legal software applications.
One year later, in September 2019, Clio raised a $250M (USD) Series D from TCV, JMI Equity.{{Cite web|url=https://venturebeat.com/2019/09/04/cloud-technology-leader-clio-announces-250-million-investment-from-tcv-and-jmi-to-transform-the-legal-industry/|title=Cloud Technology Leader Clio Announces $250 Million Investment from TCV and JMI to Transform the Legal Industry|website=VentureBeat|date=4 September 2019}}
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.{{Cite web|title=Clio Secures US$110M Series E Funding Round|url=https://www.clio.com/about/press/clio-secures-series-e/|access-date=2021-09-01|website=Clio|language=en-US}}{{Cite news|title=Clio unveils payments tech lawyers developed in-house|url=https://www.reuters.com/legal/litigation/clio-unveils-payments-tech-lawyers-developed-in-house-2021-10-26/|access-date=2021-11-03|website=Reuters|date=26 October 2021 |language=en-US|last1=Merken |first1=Sara }}
In July, 2023, Clio announced a $900M USD Series F round.
On September 5th, 2024, the Vancouver Canucks announced Clio as their inaugural away jersey sponsor, in a multi-year partnership with the company.{{Cite web|url=https://www.nhl.com/canucks/news/canucks-announce-clio-as-official-away-jersey-partner|title=Canucks Announce Clio as Official Away Jersey Partner|website=NHL|date=5 September 2024}}{{Cite web|url=https://www.clio.com/about/press/vancouver-canucks-announce-clio-as-official-away-jersey-partner/|title=Vancouver Canucks announce Clio as Official Away Jersey Partner|website=Clio|date=5 September 2024}}