15 April 2014

$20m Clio cloud investment shows tech on the rise

Clio, a technology company that supplies lawyers with cloud-based practice management offerings, is using $20m to further develop its cloud technology.

By Melissa Lesh

Clio invests $20m in developing technology. Melpomene

With the money, Clio will employ another 100 workers and expand its sales in Europe, the US, and Canada.  The windfall comes from many investors, including Bessemer Venture Partners.  Clio founder Jack Newton said that Clio users save an average of eight hours per week, and that the funding will help the tech company to expand the home market and outwards, so that lawyers can continue to focus on the parts of their business they enjoy. Source: ABA Journal

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