Clio Secures $5B in Funding, Acquires vLex for $1B
Update: 2025-11-10
Description
Clio, a legal technology company, secures $500M funding, now valued at $5B, led by New Enterprise Associates. Existing investors like TCV, Goldman Sachs, Sixth Street Growth, and JMI Equity also participated. Clio acquired vLex, a global legal research platform, for $1B, expanding its offerings and reach. Clios AI tools streamline legal work for firms worldwide, used in over 130 countries. This investment and acquisition highlight the growing role of AI in the legal sector.
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