It was announced by the DIFC of their most latest investment in Clara which is a UK-headquartered Legal-tech startup. The investment was made through the DIFC fintech fund. It was launched back in 2017 and ever since, the startup has been set to establish, improve and take startups further for growth-stage companies who are in need of MEASA market access.
The startup is led by a team of technologists and seasoned lawyers who are experienced in some of the top companies which are also from the same business sectors. The platform works by automating different tasks that are currently performed by lawyers for startups. That includes forming companies, drafting agreements, building cap tables, structuring data rooms, and predicatively educating founders on legal concepts and that’s not all. Clara is aimed at providing its streamlined corporate services to the DIFC companies when the growth opportunities were recognized associated with operating DIFC. Along with the fact that the center is pretty much a home to some comprehensive Fintech and a more enhanced ecosystem.
“DIFC continues to be a catalyst for innovation in the region by investing in businesses that can help transform the finance industry. We are therefore delighted to announce the DIFC’s FinTech Fund investment in Clara, a rapidly growing Legal-tech startup that will make doing business easier for emerging companies and other businesses that form part of the region’s largest financial services ecosystem,” said Arif Amiri, CEO of DIFC Authority.
“Startups are looking for a new approach to help them overcome the pain and complexity of dealing with legal matters. We are thrilled to be setting up in the DIFC which will allow us to completely streamline the customer experience of incorporating DIFC entities – adding further value to the Clara platform, which digitizes and automates startup legal,” said Patrick Rogers, CEO, and Co-Founder of Clara.