Funding round
Clio Series G
Clio, which works in cloud-based legal practice management solutions in Burnaby, raised $500M in a Series G round announced on 10 Nov 2025, led by New Enterprise Associates, at a $5.00B post-money valuation. 5 firms took part, 5 of them already investors. It is Clio's sixth venture round on record; the one before was a Series F in Jul 2024.
$500M
Amount raised
$5.00B
Post-money valuation
$4.50B pre-money
5
Investors
1 lead
1.7x
Step-up from the Series F
$3.00B in Jul 2024
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Clio at $5.00B after the new money, 1.7 times the $3.00B of its Series F (Jul 2024). The $500M bought investors about 10% of the company. It came 16 months after Clio's Series F. It is 28% of the $1.79B Clio has raised in the venture rounds on record. No later venture round is on record for Clio.
Clio's funding rounds
Clio has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Series B 30 Jan 2012, led by Acton Capital Partners $6.0M
- Series C 25 Mar 2014, led by Bessemer Venture Partners $20M
- Series D 4 Sep 2019, led by Technology Crossover Ventures and JMI Equity $250M
- Series E 27 Apr 2021, led by T. Rowe Price Associates, Inc. and OMERS Private Equity $110M$1.60B post-money
- Series F 23 Jul 2024, led by New Enterprise Associates $900M$3.00B post-money
- Debt not a venture round 10 Nov 2025, led by Blackstone and Blue Owl Capital $350M
- Series G this round 10 Nov 2025, led by New Enterprise Associates $500M$5.00B post-money
Investors
Who put money in
New Enterprise Associates led the round with 4 other firms. New Enterprise Associates, Technology Crossover Ventures, Goldman Sachs Asset Management and Sixth Street and 1 more had backed Clio before.
Lead investor
- New Enterprise Associates backs 286 venture-backed companies existing investor
Also in the round
- Technology Crossover Ventures backs 86 venture-backed companies existing investor
- Goldman Sachs Asset Management existing investor
- Sixth Street backs 34 venture-backed companies existing investor
- backs 49 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
8 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $405M, and this round was 1.2 times the median. The closest in time, other companies' Series G rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| ThoughtSpot Tech Companies | 13 Oct 2025 | $248M | $4.20B | Lightspeed and Khosla Ventures |
| Anthropic Tech Companies | 12 Feb 2026 | $30.00B | $380.00B | GIC and Coatue |
| Cato Networks Tech Companies | 30 Jun 2025 | $359M | $4.80B | Vitruvian Partners and ION Asset Management |
| Rippling Tech Companies | 9 May 2025 | $450M | $16.80B | not named |
| Addepar Tech Companies | 13 May 2025 | $230M | $3.25B | Vitruvian Partners and WestCap |
| Cyera Tech Companies | 10 Jun 2026 | $600M | $12.00B | Evolution Equity Partners |
| Rebel Foods Tech Companies | 22 Apr 2025 | $25M | $1.61B | not named |
| Whatnot Tech Companies | 10 Aug 2026 | $545M | $20.00B | ICONIQ and Lightspeed Venture Partners |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Clio raise in its Series G round?
Clio raised $500M in its Series G round, announced in Nov 2025.
Who led Clio's Series G round?
New Enterprise Associates led it, with Technology Crossover Ventures, Goldman Sachs Asset Management, Sixth Street and JMI Equity.
What was Clio's valuation at the Series G round?
$5.00B post-money ($4.50B pre-money).
How does it compare with other Series G rounds in Tech Companies?
8 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $405M, and this round was 1.2 times the median.