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Clio Raises $20M

Clio

Clio, a cloud-based practice management platform for the legal industry, has raised $20 million in Series C financing led by Bessemer Venture Partners. Existing inventors Acton Capital Partners and Point Nine Capital also participated in the round, along with new investor Version One Ventures. The Series C funding brings total capital raised by the company to date to $27 million.

The Vancouver-based startup says it will use the funding to accelerate product development and sales, and fuel international expansion, over the next 12 months.

[Image courtesy: Clio]

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