Legal tech leader Clio raises $500 million, acquires vLex for $1B
Clio, a company making waves in legal tech, just pulled in $500 million in new funding led by NEA, bumping its valuation to $5 billion.
They also scored a $350 million debt deal from Blackstone and Blue Owl Capital.
And on the same day, Clio finalized a $1 billion acquisition of vLex—a global legal research platform trusted by eight of the world's top 10 law firms.
Clio's AI legal research platform Vincent gets a boost
Founded back in 2008 by Jack Newton and Rian Gauvreau, Clio builds AI-powered software that helps lawyers manage cases, research faster, and streamline their workflow—serving users across 130+ countries.
Their Vincent AI platform stands out because it's fueled by vLex's massive library of verified legal data (over a billion documents), not just generic web info.
The funding will be used to accelerate product development
With this fresh funding and the vLex deal, Clio is doubling down on smarter legal tools—like their new no-code app builder Vincent Studio and AI-driven case management with Clio Work.
Basically, they want to make high-powered legal tech more accessible for law pros everywhere.