Clio raises $20 mln Series C round led by Bessemer Venture Partners
Clio, a specialist in cloud-based management tools for the legal industry, has secured $20 million in a Series C financing round led by U.S. venture capital firm Bessemer Venture Partners. Existing investors Acton Capital Partners and Point Nine Capital joined in the round, as did Canadian firm Version One Ventures, which is investing in Clio for the first time. The deal brings total venture capital raised by the Vancouver-based company to $27 million. Clio said that the new funding will be used to accelerate product development and sales and fuel global expansion over the next 12 months. Founded in 2009, the company has legal professionals in 50 countries using its service.
25 March 2014•4 mins read
