Total amount raised
$412 Millions
Latest funding date
04/01/2024
Location
Clara has successfully raised $160 million in equity funding over multiple rounds, achieving a valuation of over $1 billion. The platform offers business credit cards, payment solutions, and expense tracking services across Latin America.
Keep reading to explore the intricacies of Clara's fundraising journey and the investors backing this innovative platform.
What Is Clara?
Clara, founded in 2020, is a leading business payments platform based in São Paulo, Brazil. The company was established by Diego Iván Garcia Escobedo and Gerry Giacoman Colyer. Clara employs between 251 and 500 people, providing comprehensive spend management solutions across Latin America.
How Much Funding Has Clara Raised?
- Pre-Seed Round
- Amount Raised: $3.5M
- Date: March 2021
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial operations and product development.
- Series A
- Amount Raised: $30M
- Date: May 2021
- Lead Investors: DST Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and scale operations.
- Series A
- Amount Raised: $5M
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further accelerate growth and enhance product offerings.
- Series B
- Amount Raised: $70M
- Date: December 2021
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial infrastructure and expand into new markets.
- Debt Financing
- Amount Raised: $150M
- Date: August 2022
- Lead Investors: Goldman Sachs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support lending capabilities and enhance liquidity.
- Debt Financing
- Amount Raised: $90M
- Date: March 2023
- Lead Investors: Accial Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster financial stability and support business growth.
- Series B
- Amount Raised: $60M
- Date: April 2023
- Lead Investors: GGV Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enter new markets.
- Venture Round
- Amount Raised: $3.5M
- Date: April 2024
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational expansion.
Total Amount Raised: $412M. Current Valuation: Not publicly disclosed.
Key Investors
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. They have a strong presence in the technology and healthcare sectors.
- Investment Focus Areas: Technology, healthcare, consumer, enterprise.
- Notable Investments: Not specified in the provided sources.
- GGV Capital
- Details: GGV Capital is a global venture capital firm that focuses on multi-stage investments. They have a significant footprint in the U.S. and China.
- Investment Focus Areas: Technology, consumer, enterprise, fintech.
- Notable Investments: Not specified in the provided sources.
- Accial Capital
- Details: Accial Capital is an impact-focused, tech-enabled investor in small business and consumer loan portfolios in emerging markets.
- Investment Focus Areas: Fintech, small business lending, consumer lending.
- Notable Investments: Not specified in the provided sources.
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. They provide a wide range of financial services to a substantial and diversified client base.
- Investment Focus Areas: Investment banking, asset management, securities.
- Notable Investments: Not specified in the provided sources.
- Coatue
- Details: Coatue is a global technology-focused investment manager. They invest in public and private markets, focusing on technology, media, and telecommunications.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Not specified in the provided sources.
What's Next for Clara?
Clara's recent $3.5 million funding marks a significant milestone, providing the capital needed to expand its operations and attract new customers. This funding, coupled with the company's emergence from stealth mode, positions Clara to seize substantial opportunities in the Latin American fintech market.
As Clara continues to grow, future fundraising rounds are likely, enabling further expansion and innovation. However, the company may face challenges such as intense competition and regulatory hurdles. Navigating these obstacles will be crucial for Clara's sustained success and market leadership.
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