Clara, a corporate spend management platform operating across Latin America, has raised $105m through a mix of equity and growth capital, made up of a $65m Series C and a renewed $40m facility from General Catalyst’s Customer Value Fund (CVF).

Citius, Kaszek and DEG, which is part of Germany’s KfW Group, anchored the Series C. A number of existing backers also returned, including Acrew Capital, Citi Ventures, Coatue, Commerce Ventures, DST Global Partners, Gaingels, General Catalyst, Mana Ventures, Monashees and Notable Capital. Joining them as new investors were CMT Digital, a blockchain and digital asset investment specialist, Nascent VC, the team behind Mexico Tech Week, and Michael Gilroy.

The company has also passed the $100m mark in annualised net revenue and has recorded positive EBITDA for over a year.

The fresh funds will be used to grow Clara’s go-to-market team and to build out the automation and AI features of its platform. Through Model Context Protocol (MCP), the platform already links to major AI tools, letting customers pull live spend reports and forecasts by asking questions in plain language, while AI agents can carry out approved transactions on their own.

Its AI policy enforcement tool reviews staff expenses against company rules as they happen and passes any exceptions to human reviewers, cutting down on repetitive manual tasks. Clara Global allows businesses to oversee spending across multiple countries and currencies, including through stablecoins and multicurrency cards. Meanwhile, Clara Fleet and Clara Veículos provide fuel payment and management tools linked to the wider platform, offering an SAT-authorised fuel card with automatic tax invoicing in Mexico and a postpaid, open-loop corporate fuel card in Brazil.

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