What is Clara?
Clara offers a comprehensive suite of financial tools designed for modern businesses. Its platform integrates locally-issued corporate cards, advanced Bill Pay functionalities, and seamless crossborder payment solutions. Complementing these services is Clara's highly-rated software platform, which provides businesses with enhanced visibility and control over their financial operations. The company's focus on streamlining complex financial processes positions it as a key player in the fintech sector, catering to the evolving needs of enterprises seeking efficiency and robust financial management.
How much funding has Clara raised?
Clara has raised a total of $491.3M across 7 funding rounds:
Multiple Rounds
$51.3M
Debt
$150M
Debt
$90M
Series B
$130M
Debt
$70M
Other Financing Round (2016): $5M with participation from CSV Capital Partners and Hone Capital
Private Equity (2016): $27M led by Venrock and Redpoint Ventures
Series A (2016): $19.3M supported by Redpoint, Venrock, and Fuel Capital
Debt (2022): $150M featuring Goldman Sachs
Debt (2023): $90M backed by Accial Capital
Series B (2023): $130M with participation from Coatue, Acrew Capital Management, Commerce Ventures, and Citigroup
Debt (2025): $70M led by Banco Covalto and International Finance Corporation
Key Investors in Clara
Coatue
Coatue is an investment firm known for its global market investments across public and private equity, with a focus on equity-related securities.
Acrew Capital Management
Acrew Capital is a venture capital firm that partners with early-stage to growth-stage companies, emphasizing long-term relationships and conviction-driven investments.
Commerce Ventures
Commerce Ventures is an investment firm focused on building the infrastructure for future industries in retail and financial services, particularly in retail tech, payment tech, and banking tech.
What's next for Clara?
The recent major strategic investment signals a pivotal phase for Clara, likely enabling accelerated product development, market expansion, and enhanced customer acquisition strategies. With substantial capital backing, Clara is poised to further solidify its market leadership and introduce innovative features that address critical pain points in corporate finance. The company's trajectory suggests a continued focus on scaling its operations and deepening its technological capabilities to maintain a competitive edge in the dynamic fintech landscape.
See full Clara company page
