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]