Clara raises $65m Series C for AI-powered spend management
The equity round forms part of a $105 million package that also includes a separate growth-financing renewal.
Clara has raised $65 million in Series C equity funding. Backers include Citius, Kaszek and DEG, alongside Citi Ventures, DST Global Partners, General Catalyst, Monashees, Notable Capital, CMT Digital, Nascent VC and Michael Gilroy.
The Latin American corporate spend-management company will invest in product development and AI-powered automation. Its platform combines corporate cards, payments and expense controls, with tools for analysing and managing company spending.
Alongside the equity round, Clara renewed $40 million of growth financing from General Catalyst’s Customer Value Fund. Together, the two operations make up the announced $105 million financing package.
Use of funds
Product development
AI and automation capabilities