Clio, a cloud-based project management service for individual lawyers and small law practices, announced Monday it has raised $6 million in its second round of funding. Acton Capital Partners and Point Nine Capital led the series B round.
“Clio provides small and medium law firms help to run their firms, doing everything from billing to staying on top of clients’ activity,” Clio chief executive Jack Newton told VentureBeat in an interview, “Clio allows lawyers to securely community with their clients with having to compromise the security of the message.”
Clio aims to manage entire law firms and individual practices with project management tools, secure file storage, task management tools, and billing systems. The service also puts a lot of focus on secure collaboration, meaning when lawyers and their clients need to share information they can do so with a secure connection that can’t be easily hacked. By using the cloud, Clio not only keeps project management costs low for lawyers, but it can also offer file storage systems and internal networks that are more secure than small law firms could afford to implement themselves.
“We’ve been very proactive on educating our clients about security and implementing best in class security measures so our clients can rest assured their data safe,” said Newton.
Clio plans to use the funding to further market its services to reach more law firms and individual law practices. It will also focus on global expansion into Europe and Australia.
“We’ll be investing in sales and marketing to get the word out about Clio and investing heavily in product development,” Newton told VentureBeat.
Clio was founded in 2007 and is based in Vancouver, Canada with 50 employees. The company has raised $7 million dollars overall from Acton Capital Partners, Point Nine Capital, and private investors.
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