Vancouver’s Clio Raises Mammoth $20 Million Series C Round

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Vancouver-based startup Clio has raised $20 million in series C money in a round led by Bessemer Venture Partners.

The Series C funding brings total capital raised to $27 million and the $20 million C round included follow-on investment from Acton Capital Partners and Point Nine Capital, as well as new investment from Version One Ventures.

The plan going forward includes aggressive growth in Clio’s new North America and Europe sales office in Toronto, as well as new hires in Europe, where they recently opened a data center in Dublin. The company recently released an iPhone application and will continue to aggressively invest in mobile. Clio is also introducing features to improve collaboration and efficiency.

“We offer our customers one of life’s most precious resources: time,” said CEO Jack Newton. “We’ve found that our users save an average of 8 hours per week, giving them more time to spend on life outside of work. This funding will allow us to further our reach and hone our product to continue to help lawyers focus on the parts of their business they enjoy.”

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Clio eases the process of practice management, billing, time tracking, and collaboration for law firms. There are no expensive servers to buy or rent and no need for technical staff to customize or maintain the software. Clio customers enjoy a “seamless and secure experience whether accessing their account from a phone, tablet, or computer.”

launched in 2009, Clio has legal professionals in 50 countries using the service

Joseph Czikk

Joseph Czikk

Joseph Czikk previously has written for the National Post, Montreal Gazette, Vancouver Sun, Regina Leader Post, Techvibes and BC Business Online. Joseph often goes crazy on twitter during NHL and NFL games.