Legal AI Firm Clio Hits $5 billion Valuation After Massive $500 Million Funding Boost
Backed by NEA, Goldman Sachs and others, the Vancouver-based company plans to expand its AI tools and pursue new acquisitions following rapid global growth.
Staff WriterNov 12, 2025, 1:02 PMLegal artificial intelligence company Clio has raised $500 million in a funding round led by New Enterprise Associates (NEA), valuing the company at $5 billion. The investment reflects the growing appetite for AI-driven tools that automate professional and administrative tasks, helping firms cut costs and improve efficiency.
The latest funding round also saw participation from existing investors including TCV, Goldman Sachs Asset Management, Sixth Street Growth and JMI Equity. In addition, Clio secured a $350 million debt facility led by Blackstone and funds managed by Blue Owl Capital.
Founded in 2008 by Jack Newton and Rian Gauvreau, Clio offers cloud-based tools that help legal professionals manage cases, research, and workflows. The platform now serves firms in more than 130 countries, catering to practices of all sizes.
Clio said the new capital will support the development of its AI products and fund strategic acquisitions to expand its global reach. The announcement follows last year’s $900 million fundraising, which valued the company at $3 billion, and its $1 billion acquisition of the global legal research platform vLex.
The move highlights how venture capital firms are ramping up investment in AI technologies designed to transform traditional industries such as law.
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