Clara Announces $105 Million in Equity and Growth Financing
Clara announced $105 million in combined financing, comprising a $65 million Series C anchored by Citius, Kaszek and DEG and the renewal of a $40 million growth financing facility from General Catalyst’s Customer Value Fund. The company also surpassed $100 million in annualized net revenue.
- Raised
- $105 million
- Round
- Series C
- Investors
- 17
- Investors
- CitiusKaszekDEGAcrew CapitalCiti VenturesCoatueCommerce VenturesDST Global PartnersGaingelsGeneral CatalystMana VenturesMonasheesNotable CapitalCMT DigitalNascent VCMichael GilroyGeneral Catalyst’s Customer Value Fund
- Target market
- Companies across Latin America
- Use of funds
- Expand the go-to-market team, strengthen platform automation and AI capabilities, and fund growth investments across the product suite
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Quick Answers
What is the latest news about Clara?
Clara announced $105 million in combined financing, comprising a $65 million Series C anchored by Citius, Kaszek and DEG and the renewal of a $40 million growth financing facility from General Catalyst’s Customer Value Fund. The company also surpassed $100 million in annualized net revenue.
What does Clara do?
Launched in 2021, Clara provides an AI-powered payments platform for Latin American businesses, combining corporate cards, bill payments, spend management, accounts payable and accounts receivable.
How much did Clara raise?
Clara raised $105 million in its Series C.
Who invested in Clara?
Investors named in this Series C include Citius, Kaszek, DEG, Acrew Capital, Citi Ventures, Coatue, Commerce Ventures and DST Global Partners and 9 others.
How will Clara use the funding?
Clara plans to use the money for expand the go-to-market team, strengthen platform automation and AI capabilities, and fund growth investments across the product suite.
Where is Clara based?
Clara is based in Brazil.
Who are the key people at Clara?
Key people named in this report: Gerry Giacomán Colyer (CEO & Co-founder).