The Canadian AI Index

Companies / Clio

Clio

Clio is a legal AI company based in Burnaby, British Columbia. It had raised US$1.8B as of November 2026, most recently a US$500M Series G in November 2025 led by New Enterprise Associates (NEA).

Cloud legal practice management with embedded AI; acquirer of AI legal research firm vLex.

clio.com

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Founded
2008
HQ
Burnaby, BC
Category
Legal AI
Status
Active
Disclosed raised
US$1.8B

Funding history

RoundDateAmountInvestors
Series GNov 10, 2025 US$500MNew Enterprise Associates (NEA) (lead). All-equity, all-primary; led by New Enterprise Associates; US$5B post-money; funded closing of US$1B vLex acquisition; total raised ~US$1.2B; US$400M ARR
Venture DebtNov 10, 2025 US$350MBlackstone and Blue Owl Capital (co-leads). Debt facility co-led by Blackstone and Blue Owl Capital alongside Series G, for vLex acquisition
Series FJul 23, 2024 US$900MNew Enterprise Associates (NEA) (lead); Goldman Sachs Asset Management, Sixth Street Growth, CapitalG, Tidemark. US$3B valuation; largest cloud legal software raise on record per company
Series EApr 27, 2021 US$110MT. Rowe Price (lead); OMERS. Led by T. Rowe Price at a US$1.6B valuation.
Series DSep 4, 2019 US$250MTCV and JMI Equity (co-leads). Included a secondary component that was not disclosed.
Series CMar 25, 2014 US$20MBessemer Venture Partners (lead); Acton Capital, Point Nine, Version One Ventures
Series BJan 30, 2012 US$6MActon Capital (lead); Point Nine

Founders

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Sources

Data as of November 10, 2026.

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