Clio Raises $2 billion Series E

Clio Valued at US$1.6B With Announcement of US$110M Series E Funding to Support Explosive Demand For raised $2B in Series E financing led by TCV and JMI Equity. Clio, a cloud-based legaltech company, is valued at $1.6 billion after securing $110 million in Series E funding in 2021. This funding round made Clio the first legal practice management unicorn globa.

What it does

Clio, a cloud-based legaltech company, is valued at $1.6 billion after securing $110 million in Series E funding in 2021. This funding round made Clio the first legal practice management unicorn globa. The business sits in Enterprise Software & SaaS, where funded companies are using fresh capital to deepen product coverage, distribution, or operating capacity.

Traction

TCV and JMI Equity participated in the latest tracked round; deeper traction analysis is held until source support is strong enough.

Trend impact

MD-grade thesis held: available source material is not specific enough to support a non-generic investor-economist read without overclaiming.

Funding history

• Recent · Series E · $2 billion · TCV and JMI Equity
• Recent · growth · $900 million · undisclosed investors
• Recent · Series F · $240 million · TCV
• Recent · Series E · $110 million · TCV

Products & services

• Enterprise Software & SaaS workflow monitoring tied to the funding announcement
• Customer-facing product described on the company website
• Operational tooling for enterprise software & saas teams
• Data capture and reporting across core business processes
• Team expansion support funded by the latest round