Clio, a Canadian legaltech company, has raised $900 million in Series F funding at $3 billion valuation led by NEA, with Goldman Sachs, Sixth Street, CapitalG, and Tidemark also participating.
Why it matters: Companies have been throwing AI at every business category, but legal applications seem to have really convinced investors to cut big checks.
Zoom in: The 16-year-old Clio is rolling out generative AI and automation features.
- It’s nearly doubled its valuation from its previous round in 2021, when it was priced at $1.6 billion.
- The new round includes primary and secondary share sales.
