Funding
Clara Adds $65M Series C To $40M Facility Renewal In $105M Raise
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Clara announced $105 million in combined equity and growth financing on November 10, 2026, 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. The Latin American corporate spend-management company plans to use the new capital to expand its go-to-market team and strengthen the platform’s automation and artificial-intelligence capabilities.
Citius, Kaszek and DEG, a subsidiary of Germany’s KfW Group, anchored the Series C. Existing investors Acrew Capital, Citi Ventures, Coatue, Commerce Ventures, DST Global Partners (GLP ), Gaingels, General Catalyst, Mana Ventures, Monashees and Notable Capital participated. New participants included CMT Digital, an investment firm specializing in blockchain and digital assets; Nascent VC, organizer of Mexico Tech Week; and Michael Gilroy.
General Catalyst partner Harry Elliott said the firm has backed Clara since leading its seed round and described the renewed facility as a predictable source of capital for expansion across Latin America. The Customer Value Fund facility will finance growth investments across Clara’s expanding product suite.
Clara reported surpassing $100 million in annualized net revenue, maintaining positive EBITDA for more than a year and serving more than 45,000 customers. Its customers include a majority of Latin America’s growth-stage startups, three of the region’s five largest companies and one Fortune 20 enterprise.
The financing follows $70 million in structured debt from BBVA Spark, Covalto and the International Finance Corporation in November 2025, as well as a $150 million facility renewal with Goldman Sachs (GS ) in February 2026. Clara said its total debt capacity exceeds $250 million.
AI Investment Builds on Existing Payment Tools
Clara said the new spending will build on capabilities already included in its platform. Its conversational AI and agentic-payments feature connects with AI platforms through Model Context Protocol, allowing customers to use natural language to obtain real-time spend reports and forecasts and enabling AI agents to execute authorized transactions autonomously. A separate policy-enforcement tool checks employee expenses against company policies in real time and routes exceptions to human reviewers, reducing routine manual work.
The suite also supports cross-border and regional payments. Clara Global supports expense management across countries and currencies, including stablecoins and multicurrency cards. In Mexico, Clara Fleet provides a SAT-authorized fuel card with automated tax invoicing. Brazil’s Clara Veículos provides a postpaid, open-loop corporate fuel card. Both fuel-payment products are integrated with Clara’s spend-management platform.
Co-founder and CEO Gerry Giacomán Colyer connected the product strategy to the company’s regional focus. “The region has long been underserved by financial platforms designed for other markets,” he said. “We’re combining AI with local expertise to solve challenges specific to doing business here and give our customers a distinct competitive edge.”
The funding structure gives Clara both equity and a renewed facility dedicated to growth investments. The key question for subsequent updates is whether the planned commercial and product expansion can increase adoption of its payments platform while preserving positive EBITDA.
