Clara raises $3.5m in seed funding from The LegalTech Fund to exit beta mode
The London based legal tech startup secured the seed investment to support its expansion into new jurisdictions.
≈ £2.7M at $1 = £0.7691 on 12 Apr 2022
Clara is a legal operating system designed to help founders organise, manage, and scale their businesses through digital tools.
Clara, a legal operating system based in London, has raised more than $3.5m in seed funding from The LegalTech Fund. The capital coincides with the startup exiting its beta period, during which over 1,200 startups signed up to use its self-service legal tools. The funds will support the company as it expands into new jurisdictions and enhances its platform features, including cap table management and document processing.
Additional backing for the company comes from Techstars, 500 Global, Wamda Capital, and Shorooq Partners. Founded in 2018, Clara automates tasks typically handled by lawyers, such as company formation and data room organisation, while facilitating collaboration between founders, investors, and legal counsel.
From the founder
"We’re happy to welcome The LegalTech Fund as an investor,"
Patrick Rogers
at Clara
Investor perspective
"Despite the fact that Clara is still in beta, what they’ve produced thus far has assisted thousands of entrepreneurs in navigating the difficult world of startup law in a way that has never been done before. Clara is a firm that we feel is building a category-defining product, therefore we’re excited about our investment."
Zach Posner
Co-Founder and Managing Director, The LegalTech Fund
Use of funds
- 01Expand into international markets