Silicon Valley’s “Plug and Play” innovation platform has made an undisclosed investment in the UAE-based legaltech business Clara.
This information can be found in a news statement the startup issued on Monday, May 15, 2023.
Clara, a company founded in 2018 by Patrick Rogers, Arthur Guest, Hannah McKinlay, Ahmed Arif, and Lee McMahon, digitises and automates legal tasks for business owners, such as forming corporations in various countries, managing cap tables and data rooms, and creating legal documents automatically.
“We’re thrilled to welcome Plug and Play as an investor and a partner.
“Plug and Play is the world’s largest global innovation platform, supporting more than 15,000 startups per year, across its 60+ accelerator programs,” said the CEO.
“It’s also one of the most active investors in the world, investing in early-stage companies globally.
“This investment demonstrates Plug and Play’s belief that the Clara platform can be of tremendous support to the thousands of startups it supports each year.
“Clara is helping thousands of founders navigate the complex world of startup law in a way that has not been done before.
“We are excited about our investment in Clara – a company that we believe is building a category-creating product that is proving to be of immense value to startups – and the investors who support them.”
With the help of the new relationship, Plug and Play will have first dibs on Clara’s selection of goods and specially crafted educational support that Clara and Plug and Play will jointly create.