Canadian legal-tech company Clio secures a record-breaking US$900 million in funding, valuing the firm at $3 billion, likely the largest venture-capital investment in a Canadian tech company.

New Enterprise Associates (NEA) leads Clio's Series F funding round with a $500M+ equity investment, joined by Goldman Sachs Asset Management, Sixth Street Growth, CapitalG, and Tidemark.

Clio experiences significant growth, surpassing US $200 million in annual recurring revenue (ARR), expanding globally, and establishing itself as a leader in cloud legal practice management for mid-sized firms.

Security is a paramount focus for Clio, ensuring compliance and data protection, especially crucial in the legal sector.

Clio plans to launch GA Clio Duo, an AI assistant tailored for lawyers to boost productivity, featuring audit log capabilities and marketing channel suggestions.

The recent funding round will be utilized by Clio to enhance its technological offerings with AI, expand into new markets, and improve existing features.

Clio is expanding its workforce, with offices in various locations and a mix of in-person and remote employees.

Preparations for a potential IPO are underway, with considerations for a public listing in 2025 or later.

Clio simplifies law firm management by offering services like client intake, case and document management, and payments, serving over 150,000 legal professionals globally.

The legal tech sector witnesses advancements with companies like Lawhive and Eve leveraging AI for legal services.

NEA Co-CEO Tony Florence joins Clio's Board of Directors, commending the company's market leadership and innovation.

Clio has raised nearly $1.3 billion in total capital since its inception in 2008.