Clio is a legal technology company that provides cloud software for law firms, including practice management, billing, and client intake. It uses AI to help legal teams surface work, prioritize tasks, and improve outcomes.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$5B
Series G, 2024, Perplexity
UpMarket Estimate
$5.0B
Based on UpMarket valuation model
Previous Price
$3B
Series F 2021
How to Invest in Clio Through UpMarket
Clio shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Clio offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
2024
Series G
$5B
2021
Series F
$3B
Clio Revenue and Growth
Annual revenue
Why Investors Are Watching Clio
Growth Signal
Clio topped $500M ARR as revenue scaled beyond $200M
Clio said it had grown revenue beyond $200M ARR by the time of its April 2021 financing, after raising a $110M Series E at a $1.6B valuation. Sacra later estimated Clio reached $500M in annual recurring revenue in April 2026, up from about $433M at the end of 2025.
Competitive Moat
NEA-led $900M round valued Clio at $3B in legal tech
Clio raised a $900M Series F led by NEA at a $3B valuation, described as the largest transaction ever in cloud legal technology. The round also drew Goldman Sachs Asset Management, Sixth Street Growth, CapitalG, and Tidemark, signaling broad investor support.
Market Opportunity
Clio targets law-firm software with 1,200 staff and 5 offices
Clio was founded in 2008 and is headquartered in Vancouver, BC, with about 1,200 employees and 5 offices listed by UpMarket. Its core product is a software suite for law firms to manage cases, clients, documents, and billing.
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No. As of March 2026, Clio is a private company and does not trade on any public stock exchange. Accredited investors can access Clio shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Clio does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Clio shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Clio shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of $5.0B is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Clio provides cloud legal software for law firms and topped $500M ARR on $300M+ 2024 revenue, with AI-driven workflow expansion supporting its $4.8B valuation. Accredited investors can access Clio stock through UpMarket.