
Legal technology company Clio announced on Nov. 10 that it has closed what it calls one of the industry’s most significant and largest transactions to date. The firm closed its $1 billion purchase of vLex while raising $500 million in a Series G round that valued the company at $5 billion.
New Enterprise Associates led the Series G investment, joined by existing backers Technology Crossover Ventures, Goldman Sachs Asset Management, Sixth Street Growth, and JMI Equity.