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About
Jack Newton and Rian Gauvreau — best friends since grade three in Edmonton — founded Clio (originally Themis Solutions) in Burnaby in 2007, after Gauvreau, then IT manager at the law firm Gowlings, saw how badly software served lawyers. They aimed at solo and small-firm lawyers, roughly 80% of the market, and launched cloud practice management at a time when 'lawyers will never store their data in the cloud' was the standard VC rejection. After hundreds of nos through the financial crisis, their first million came from German angel Christoph Janz, whose cold email sat unread in the spam folder for two weeks. The contrarian bet compounded: a US$250M Series D from TCV and JMI Equity in 2019 (then the largest growth-stage round in Canadian history), a US$110M Series E at a US$1.6B valuation in 2021, and a US$900M Series F at US$3B in July 2024, led by NEA. In 2025 Clio acquired legal-research platform vLex for US$1B and closed a US$500M Series G at a US$5B valuation, pushing past US$400M ARR and roughly 400,000 legal professionals across 130+ countries. The platform now spans practice management (Manage), client intake (Grow), document automation (Draft), and AI-powered research via vLex's Vincent — with Newton arguing that AI grows demand for lawyers by making legal help accessible, since most legal needs currently go unmet. Founding year per Jack Newton's TechTO talk; some press reports say 2008.
Backers
NEA led both the US$900M Series F (2024) and the US$500M Series G (2025); Goldman Sachs Asset Management, Sixth Street Growth, CapitalG, and Tidemark joined the Series F. TCV and JMI Equity led the US$250M Series D (2019). The first angel cheque came from Christoph Janz, off a cold email to info@goclio.com that spent two weeks in the spam folder.
Around the web ×6
Quick answers
What does Clio actually sell?
Cloud software that runs the business side of a law firm: Clio Manage for matters, billing, and payments; Clio Grow for client intake and CRM; Clio Draft for document automation; and, since acquiring vLex, AI-powered legal research through Vincent. Clio pitches itself as the operating system for legal work, built originally for the solo and small firms that make up most of the market.
Why is Clio such a big deal in Canadian tech?
It keeps setting national records. The 2019 Series D (US$250M from TCV and JMI Equity) was then the largest growth-stage round in Canadian history; the July 2024 Series F raised US$900M at a US$3B valuation — on the TechTO stage Newton called it the largest transaction in Canadian fundraising history. In 2025 Clio bought vLex for US$1B and closed a US$500M Series G at US$5B, one of the largest legal tech deals ever.
How is Clio approaching AI?
Newton's argument at TechTO Vancouver: AI will increase demand for lawyers, not replace them, because it makes legal services accessible — a large majority of legal needs currently go unmet. Clio shipped its Duo assistant in 2023-24, then went bigger: the US$1B vLex acquisition brought a billion-document research library and the Vincent AI engine, now folded into what Clio calls its intelligent legal work platform.