#Latinamerica
Gunderson Dettmer Advised Mexico Clara $70 Million Series B and Clara Reaches Unicorn Status
Partner Dan Green led the firm’s deal team
Partner Daniel M. Green represented Fintech Clara and led the Firms’s deal team
Gunderson advised Mexico Clara, a corporate spend-management Fintech, $70 million funding in a Series B round from Coatue — the investment manager which has also bet on names such as Bytedance (TikTok), Deel, Cloudwalk, and Bitso.
The new round brings Clara’s valuation to $1 billion, making the fintech the newest Mexican unicorn and the first Latin American startup to reach unicorn status in less than one year of operations.
Clara was founded in 2020 by Gerry Colyer and Diego García, who worked together at Grow Mobility, a bicycle and scooter rental company. In eight months of operation, Clara has about 1,000 corporate clients in Mexico — a third of them are high-growth technology companies such as Creditas, Kavak, Casai, and Valoreo.
About Gunderson counseling Mexico Clara
Gunderson advised Mexico Clara and acted as its legal counsel to this Series B round of investment.
The Gunderson deal team was led by partner Daniel M. Green and associates Bradley Krack, Daniel Gallo Mainero, Alex S. Kamath, Jamilah Mena and paralegal Megan Kallstrom.
Gunderson Dettmer is an international full service law firm with headquarters in Silicon Valley and offices in Ann Arbor, Austin, Boston, Los Angeles, New York, San Diego, San Francisco, Singapore and Beijing.
The firm is highly recognized for its M&A Venture Capital work in Latin America as one of the top law firms in this space.
Transaction Details In
Mexican Clara Lands Series B $70 Million and Reaches Unicorn Status
Beyond the Law.News was not informed of nor could it verify the name of the law firms representing or acting on behalf of the other parties.
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Foley & Lardner and Gunderson Deter acted as legal counsel in the transaction
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