Clara Valuation, Funding & Investors

Clara is valued at $1B as of December 2021.

See full Clara profile

Last Clara valuation

$1B

Series B · Dec 2021

Last Clara funding round

$300K

Undisclosed stage · Dec 2025

Cumulative funding Clara raised

$212M

across 8 funding rounds

Key investors in Clara

  • General Catalyst
  • Coatue
  • DST Global
  • Kaszek
  • MONASHEES
  • GGV Capital

Clara Overview

About Clara

Clara is a spending management platform for Latin American businesses, issuing local corporate cards, bill payment solutions, and financing alongside software with artificial intelligence insights for detecting duplicate subscriptions and spending patterns to boost financial efficiency.


Founded

2020

HQ

BrazilSão Paulo

Website

clara.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1B (Dec 2021)

Clara Valuation

Clara is currently valued at $1B, based on its Series B in December 2021.

The $70M round was led by Coatue.

Clara's valuation has grown 7.7x from $130M at its Series A in May 2021 to $1B in December 2021, across 2 priced rounds.

Clara valuation by funding round

Clara valuation by funding round
DateStageValuation
Dec 2021Series B$1B
May 2021Series A$130M

Clara Funding History

Clara has raised a total of $212M across 8 funding rounds.

Clara's first fundraising round was a $4M pre-seed round in March 2021. The most recent completed round was a $300K undisclosed-stage round in December 2025.

Clara funding rounds

Clara funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2025Undisclosed stageSahin Boydas; Gaingels$300K--
Apr 2025Undisclosed stageCiti Ventures (lead); Pathlight Ventures; Kaszek; Citius; Coatue; DST Global; Notable Capital; MONASHEES$40M-Clara is the leading corporate spend management platform in Latin America, offering corporate credit cards, invoice and bill management, cross-border payments, real-time expense tracking software, and AI-powered solutions including virtual card numbers for travel and fuel cards for logistics. The company serves over 20,000 clients across Brazil, Mexico, and Colombia, processing one transaction per second, and counts major enterprises like Hilton, Bolsa Mexicana de Valores, Femsa, Smartfit, and Movistar among its customers. On April 29, 2025, at Web Summit Rio, Clara announced a previously undisclosed $80 million equity and growth funding round led by Citi Ventures, with participation from Citius, Coatue, DST Global, Kaszek, Monashees, Notable Capital, and Pathlight Ventures. The funding is allocated to accelerate growth through expanded sales and marketing efforts in core Latin American markets, heavy investments in AI development, and hiring across sales and engineering teams. CEO Gerry Giacoman Colyer highlighted that Clara achieved monthly break-even in Brazil by the end of the prior year and is nearing the same in Mexico as a standalone operation, supported by a fully-funded business plan. Clara ranks among the top three issuers of corporate commercial cards in Colombia and Mexico, targeting the top position by 2026. Subsequently, in late 2025, Clara secured $70 million in structured debt from BBVA Spark, Covalto, and the International Finance Corporation (IFC) to scale payment products, particularly corporate credit cards and bill pay, in Mexico and Colombia. This debt complements an existing relationship with Goldman Sachs since 2022 and follows the equity round by seven months, reinforcing Clara's expansion amid rising client demand and product innovations addressing consolidated payment operations.
Apr 2023Series CGGV Capital (lead)$60M-Clara is a Mexico-based fintech providing an end-to-end spend management platform for companies in Latin America, including corporate cards, bill pay, financing solutions, and real-time reporting integrated with ERP systems. Launched in 2021, it operates in key markets like Brazil, Mexico, and Colombia, serving about 10,000 companies and processing over five million credit card transactions annually equivalent to $1 billion USD at an annualized rate as of April 2023. The platform automates financial processes, cuts expenses, and supports better decision-making to help businesses focus on core competitiveness. On April 26, 2023, Clara closed a $60 million equity financing round led by GGV Capital, with GGV Managing Partner Hans Tung joining the board. New investors included Acrew Capital, Citius, Citi Ventures, Endeavor Catalyst, Ethos, Commerce Ventures, Goanna Capital, Bayhouse Capital, Fluent Ventures, and LAGO Innovation Fund, alongside existing backers like monashees, Coatue, Picus Capital, DST Global Partners, Alter Global, and General Catalyst. This brought total equity financing to $160 million. Funds are earmarked for engineering and product team expansion to strengthen market leadership in Latin American spend management and payments. Clara reported rapid traction with recognition as Latin America's fastest-growing company by the Financial Times based on audited statements. Prior raises included a $30 million Series A in 2021 reaching unicorn status per some reports, alongside debt facilities like $150 million from Goldman Sachs in 2022 and $90 million credit line in March 2023.
Dec 2021Series BCoatue (lead)$70M$1BThe company has since grown to serve over 20,000 clients across Latin America and has expanded its platform to include AI-driven solutions, vertical payment solutions like virtual card numbers for travel, and fuel cards for logistics.
Jul 2021Series AMax Burger; German Peralta; Manolo Atala; Antonia Rojas Eing; Howard Han; Hans Tung; Daniel Vogel; Brynne Rojas; Andy Cohen; Deepak Chugani; Brendan Dickinson; Ariel Lambrecht$5M-Clara is an end-to-end corporate spend management solution for companies in Latin America, offering corporate credit cards, bill pay, and expense management systems. Founded in 2020 by Gerry Giacomán and Diego García, the company secured a $5M USD extension to its Series A funding round on July 21, 2021, backed by angel investors including Andy Cohen, Hans Tung, Brendan Dickinson, Howard Han, and others. This followed a $30M Series A led by General Catalyst and DST Global Partners, bringing total funding over $35M USD at that time. The investors comprise unicorn founders and operators such as Sergio Furio from Creditas and others shaping Latin America's entrepreneurial landscape. Clara reported 100x growth since its official launch earlier in 2021 and served fast-growing clients like Kavak, Casai, and Sofía Salud. The company was expanding regionally, particularly into Brazil.
May 2021Series ADST Global (lead); General Catalyst; Avid Ventures; Kaszek; Alter Global; MONASHEES$30M$130MClara is a Mexico City-based fintech startup providing corporate cards and spend management solutions to companies in Latin America, launched earlier in 2021. On May 26, 2021, it raised a $30 million equity round from investors including DST Global, monashees, General Catalyst, Alter Global, Avid Ventures, and Kaszek, with DST Global as lead, achieving a post-money valuation of around $130 million. The company also secured a $50 million revolving debt facility to underwrite customers without straining its balance sheet. Growth was explosive at the time, with transaction volume (GTV) increasing 100x since product launch and weekly growth at times reaching 2x, driving revenue from interchange fees at a similar pace. Clara primarily acquired customers through word-of-mouth and planned to enhance its referral system and go-to-market efforts with the new capital. The round built on prior funding earlier in 2021, positioning Clara to scale rapidly in the corporate spend management space amid high venture interest in LatAm fintech. Later developments included additional rounds like a Series B in December 2021 and further funding up to $470M total by 2023, but specifics for the May 2021 round match the queried investors and date.
Mar 2021SeedGeneral Catalyst (lead); Canary; Picus Capital; Adapt Ventures$4M-Clara is a Mexico-based corporate spend management platform founded in 2020 by Gerry Giacomán and Diego García that provides end-to-end financial solutions including locally issued corporate cards, bill pay, and flexible financing options. In March 2021, Clara announced a $3.5 million seed funding round led by General Catalyst to accelerate its product development and market entry. The company launched its product in 2021 and quickly expanded across Latin America, operating in Mexico, Brazil, and Colombia with a focus on serving growth-stage companies. By mid-2021, Clara had closed additional rounds totaling over $35 million in equity funding, including a $30 million Series A and a $5 million extension from angel investors and prominent operators. The company achieved unicorn status in December 2021 after raising $70 million in Series B funding at a valuation exceeding $1 billion.
Mar 2021Pre-seedGeneral Catalyst (lead)$4M-Clara is a corporate spend management platform offering corporate cards, bill pay, and expense tracking tools for businesses in Latin America. Founded in 2020 by Gerry Giacomán and Diego García, it launched in Mexico and focuses on streamlining financial operations for startups and mid-sized companies. In March 2021, Clara raised a $3.5 million seed round led by General Catalyst, emerging from stealth to fund its initial growth. Additional investors included Canary Ventures, Adapt Ventures, and Picus Capital, along with angels like Ramp co-founders. Two months later, Clara closed a $30 million Series A round, followed by a $5 million extension in July 2021 backed by unicorn founders and angels, bringing total funding over $35 million at that point. The company reported 100x growth since its official launch and served clients like Kavak, Casai, and Sofía Salud while expanding to Brazil. General Catalyst continued supporting Clara in later rounds, including growth funding from its Customer Value Fund.

Who has invested in Clara?

29 investors have backed Clara across its funding rounds, including General Catalyst, Coatue, DST Global, Kaszek, MONASHEES and GGV Capital.

Lead investors include Citi Ventures, GGV Capital, Coatue, DST Global and General Catalyst.


Clara Investors

Investors in Clara by funding rounds participated
InvestorHQRoundsRoleFirst check
General CatalystUnited StatesSan Francisco, CA3LeadMar 2021
KaszekBrazilSão Paulo2ParticipantMay 2021
CoatueUnited StatesNew York City, NY2LeadDec 2021
DST GlobalCayman IslandsGeorge Town2LeadMay 2021
MONASHEESBrazilSão Paulo2ParticipantMay 2021
Max BurgerHong KongHong Kong1ParticipantJul 2021
German PeraltaSpainMadrid1ParticipantJul 2021
Pathlight VenturesUnited StatesNew York City, NY1ParticipantApr 2025
Sahin BoydasUnited StatesSan Francisco, CA1ParticipantDec 2025
CanaryBrazilSão Paulo1ParticipantMar 2021
Avid VenturesUnited StatesUnited States1ParticipantMay 2021
Manolo AtalaMexicoMexico City1ParticipantJul 2021
Antonia Rojas EingUnited StatesSan Francisco, CA1ParticipantJul 2021

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Investments by Clara

Clara has invested in 1 company to date.

Latest investment by Clara was on December 27th 2017. Clara invested in Bike Startup in their $300K Pre-seed round.


Latest Investments by Clara

Bike Startup
Description
Bike Startup is a Tokyo-based developer of PEDALRest, an idle parking space utilization service for bicycles. It manages app-based reservations and operations for bike parking in high-demand areas like Shibuya and Shinjuku stations, partnering with municipalities and property owners to optimize urban bike storage.
HQ CountryJapan
HQ City
Tokyo
Deal Date27 Dec 2017
RoundPre-seed
Raised$300K
InvestorsAirTrip; Kayac; Nomadic Japan
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Clara Competitors

Clara competitors include listed companies like 74Software and Freee, and private ones like 51 Credit Card Manager, DataSnipper, FreshBooks and Payhawk.

Public and private companies comparable to Clara
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
51 Credit Card ManagerChinaChinaPrivate$15M-$1B66.7x
DataSnipperNetherlandsAmsterdamPrivate$45M-$1B22.2x
FreshBooksCanadaTorontoPrivate--$1B-
PayhawkBulgariaSofiaPrivate$45M-$1B-
74SoftwareFranceFrancePublicly listed$814M$112M$1.3B1.8x
FreeeJapanJapanPublicly listed$214M$6M$1.5B4.8x

Clara Public Comps

Clara is still privately-owned, but its public comps include Fujian Boss Software, 74Software, Teamshares, Freee, Valu, Miroku Jyoho Service, High Templar Tech, Nordtech Group, BlackLine and Baiwang Cloud.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Fujian Boss Software$299M$40M2.8x2.9x21.1x21.0x
74Software$814M$112M1.9x1.8x13.7x9.8x
Teamshares$472M($23M)1.7x1.4x(35.0x)33.2x
Freee$214M$6M6.3x4.8x237.7x65.4x
Valu$108M$22M4.1x7.0x20.2x-
Miroku Jyoho Service$315M$58M1.1x1.1x6.0x-
High Templar Tech$6M($38M)----
Nordtech Group$72M$15M5.1x-25.2x-

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Common questions about Clara

When was Clara founded?Clara was founded in 2020.
Where is Clara headquartered?Clara is headquartered in São Paulo, Brazil.
Is Clara publicly listed?No, Clara is a private, VC-backed company.
What is Clara's valuation?Clara was last valued at $1B in its Series B in December 2021.
How much funding has Clara raised?Clara has raised $212M across 8 funding rounds.
What was Clara's last funding round?Clara's last funding round was a $300K undisclosed-stage round in December 2025.
Who are Clara's investors?Clara's investors include General Catalyst, Kaszek, Coatue, DST Global, MONASHEES, Max Burger, German Peralta, Pathlight Ventures, Sahin Boydas, Canary and 19 others.
Which companies are comparable to Clara?Companies comparable to Clara include 51 Credit Card Manager, DataSnipper, FreshBooks, Payhawk, 74Software and Freee.
How many companies has Clara invested in?Clara has invested in 1 company, including Bike Startup.
What was Clara's last investment?In December 2017, Clara invested in Bike Startup's $300K pre-seed round alongside AirTrip, Kayac and Nomadic Japan.

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