Clara raises $65M Series C led by Citius, Kaszek and DEG in $105M financing

Clara has secured $105 million in financing: a $65 million Series C led by Citius, Kaszek and DEG, the KfW subsidiary, and the renewal of $40 million in growth funding from General Catalyst's Customer Value Fund.

Existing investors including Citi Ventures, Coatue, DST Global Partners, Monashees and Notable Capital also took part, with CMT Digital, Nascent VC and Michael Gilroy joining as new investors.

Clara runs a corporate payments and spend management platform across Latin America. It says it has passed $100 million in annualised net revenue, serves more than 45,000 companies and has been EBITDA-positive for more than a year. Brazil is now its largest market by number of customers.

The equity goes to the AI platform and the Customer Value Fund money to sales and marketing, with more than 100 open roles. CEO Gerry Giacomán Colyer says the company is also exploring acquisitions.