Clara Raises $105 Million in Equity and Growth Financing

Gunderson Dettmer represented Clara in its $105 million combined equity and growth financing, comprising a $65 million Series C equity round and the renewal of a $40 million growth financing facility from General Catalyst’s Customer Value Fund (CVF). The $65 million Series C was anchored by Citius, Kaszek, and DEG. Existing investors Acrew Capital, Citi Ventures, Coatue, Commerce Ventures, DST Global Partners, Gaingels, General Catalyst, Mana Ventures, Monashees, and Notable Capital participated, as well as new investors CMT Digital, Nascent VC, and Michael Gilroy.

Clara is Latin America’s leading platform for companies to make and manage payments. It brings corporate cards, bill payments, spend management, accounts payable, and accounts receivable into a single AI-powered platform. Clara will use the new capital to expand its go-to-market team and strengthen the automation and AI capabilities of its platform. 

“Clara exists to champion Latin American businesses, and we work tirelessly to give them the tools to compete and win on the global stage,” said Gerry Giacomán Colyer, Clara’s co-founder and CEO, in the announcement of the transaction. “The region has long been underserved by financial platforms designed for other markets. We’re combining AI with local expertise to solve challenges specific to doing business here and give our customers a distinct competitive edge.”

The Gunderson deal team was led by Dan Green and Brad Krack and included Federico Varni and Paulina Muñoz.