Top funding rounds in August include a USD $150M investment into the Mexico City-based fintech startup Clara, and a USD $35M investment into Buenos Aires-based fintech startup GeoPagos. Other notable deals included a USD $1.9M investment in Brazilian healthtech startup Omens. We've compiled a list of all the noteworthy funding rounds in Latin America. These funding rounds underscore the continued interest in Latin American startups from both domestic and international investors. With a growing number of B2B-focused businesses entering the market, it is likely that this trend will continue in the years to come.
Clara → USD $150M
Founded in 2020 by Gerry Giacomán Colyer and Diego García and with headquarters in Mexico City, Clara is a fintech startup that offers corporate spend management solutions for companies in Latin America. The company claims to work with over 5,000 companies across Mexico, Brazil and Colombia and says it aims to double this number by the end of the year.
In their most recent funding round, Clara obtained a USD $150M credit line from Goldman Sachs. This fresh flow of capital will help the Mexican unicorn boost its lending operations, accelerate its expansion throughout Latin America and invest in its technology. Clara reached unicorn status with a $1 billion valuation, in December of 2021, only seven months after its first funding round. The startup operates in both Mexico and Brazil and recently expanded to Colombia.