Clio Raises $500m in Series G Funding Round at $5B Valuation

Legal technology provider Clio has raised $500 million in Series G funding round, led by New Enterprise Associates.

• Round also includes TCV, Goldman Sachs Asset Management, Sixth Street Growth, and JMI Equity
• Clio’s financing also includes $350m debt facility led by Blackstone and funds managed by Blue Owl Capital
• Funding round values company at $5b
• Completed $1 billion acquisition of vLex
• “This financing supports transformational moves like the acquisition of vLex and gives us the flexibility to act quickly on future opportunities that advance our mission and shape the future of legal technology,” CFO says in statement

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