Funding round
Clara Series B
Clara, which works in corporate payment solutions development in São Paulo, raised $70M in a Series B round announced on 14 Dec 2021, led by Coatue, at a $1.00B post-money valuation. 11 firms took part. It is Clara's third venture round on record; the one before was a Series A in Jul 2021.
$70M
Amount raised
$1.00B
Post-money valuation
11
Investors
1 lead
7.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Clara at $1.00B after the new money. The $70M bought investors about 7.0% of the company. It came 5 months after Clara's Series A. It is 32% of the $219M Clara has raised in the venture rounds on record. Clara raised again 16 months later: a Growth round of $60M in Apr 2023.
Clara's funding rounds
Clara has 5 venture rounds on record and 3 other deals. This one is highlighted.
- Pre-seed 10 Mar 2021, led by General Catalyst $3.5M
- Series A 21 Jul 2021 $5.0M
- Series B this round 14 Dec 2021, led by Coatue $70M$1.00B post-money
- Debt not a venture round 1 Mar 2023, led by Accial Capital $90M
- Growth 26 Apr 2023, led by GGV Capital $60M
- Growth 2 May 2025 $80M
- Debt not a venture round 1 Nov 2025 $70M
- Debt not a venture round 4 Feb 2026 $150M
Investors
Who put money in
Coatue led the round with 10 other firms.
Lead investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- ICONIQ Growth new investor
- Box Group new investor
- Gaingels backs 364 venture-backed companies new investor
- DST Global backs 179 venture-backed companies new investor
- Monashees backs 73 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- backs 295 venture-backed companies new investor
- backs 108 venture-backed companies new investor
- backs 18 venture-backed companies new investor
Joined the board: Michael Gilroy (Coatue).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
75 Series B rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $35M, and this round was 2.0 times the median. The closest in time, other companies' Series B rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 14 Dec 2021 | $50M | not disclosed | Tiger Global |
| Payment Processing & Point of Sale | 15 Dec 2021 | $50M | not disclosed | Bessemer Venture Partners |
| Payment Processing & Point of Sale | 1 Dec 2021 | $40M | not disclosed | Valar Ventures and IA Ventures |
| Payment Processing & Point of Sale | 9 Dec 2021 | $20M | not disclosed | Marqeta |
| Payment Processing & Point of Sale | 23 Nov 2021 | $112M | $570M | Greenoaks |
| Settle Payment Processing & Point of Sale | 17 Nov 2021 | $60M | not disclosed | Ribbit |
| Payment Processing & Point of Sale | 17 Nov 2021 | $48M | not disclosed | Tencent |
| Payment Processing & Point of Sale | 5 Jan 2022 | $20M | not disclosed | Insignia Ventures Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Clara raise in its Series B round?
Clara raised $70M in its Series B round, announced in Dec 2021.
Who led Clara's Series B round?
Coatue led it, with ICONIQ Growth, Box Group, Gaingels, DST Global and Monashees and 5 more.
What was Clara's valuation at the Series B round?
$1.00B post-money.
How does it compare with other Series B rounds in Payment Processing & Point of Sale?
75 Series B rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $35M, and this round was 2.0 times the median.
Did Clara raise again after this round?
Yes: a Growth round in Apr 2023 of $60M.