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Clara

AcquiredTechstars '19

Abu Dhabi, AE · Founded 2019 · 68 employees on LinkedIn · 6 known investors

Clara is a software platform that helps venture capital investors and portfolio companies organize legal and administrative tasks, including cap table management, legal compliance, and due diligence workflows. The platform serves institutional investors and startups across geographies.

Also known as Clara Formations · Clara Technologies Limited

Founders & leadership

PR
Patrick Rogers

Investors · 6

Company profile

researched Aug 2026

Clara operates a digital platform that automates legal and administrative work for startups and their advisers. Its products cover incorporation in jurisdictions including ADGM, DIFC, Cayman, BVI, Delaware, Singapore and Saudi Arabia, plus a data room for storing and sharing key company documents, cap table management, governance and compliance tooling. The platform also serves as a collaboration and information-sharing layer between founders, investors and lawyers, and automates tasks traditionally handled by startup lawyers such as drafting agreements, building cap tables, structuring data rooms and educating founders on legal concepts.

Beyond software, Clara became a licensed, regulated corporate service provider following its 2020 acquisition of Foundra Corporate Services and a partnership with a Cayman Islands affiliate; a further acquisition of ADGM-based BOTH Corporate Services Limited followed in late 2023. As of February 2026 Clara was described as the largest licensed corporate service provider in ADGM, managing approximately 2,000 companies across ADGM and DIFC. Distinct use-case offerings are provided for startups, SMEs and corporates, law firms and advisers, and VCs and investors, the latter including a portfolio dashboard for tracking portfolio company cap tables and an accelerator onboarding solution for due diligence.

Founding story

Clara was founded in 2018 by Patrick Rogers, Lee McMahon, Ahmed Arif, Arthur Guest and Hannah McKinlay, and was spun out of Support Legal, a boutique startup law firm the co-founders had established to serve early-stage companies in the region. The company graduated from Techstars Dubai in 2019. Its leadership consisted of lawyers and technologists, with Patrick Rogers serving as CEO and co-founder.

Business model

Clara sells digital incorporation and corporate services alongside a software platform for ongoing company management, with transparent pricing positioned as an alternative to traditional legal fees. It also offers a concierge option in which Clara's team completes formations on behalf of clients, and operates as a licensed corporate service provider in ADGM and DIFC.

Fees for company formation and corporate services plus platform-based management tools; the company emphasises transparent pricing versus conventional legal bills.

Traction

Approximately 2,000 companies managed across ADGM and DIFC as of February 2026. Named customers and references include Binance, which uses Clara to incorporate and manage ADGM entities, and Klasha; Techstars describes itself as Clara's first institutional investor, and 500 Global and Shorooq are cited as investor users of the platform.

Latest developments

In February 2026, Ascentium — a Singapore-headquartered global business services platform with over 2,500 professionals across 23 markets and more than 60,000 client entities in 45 cities — acquired Clara as part of a buy-and-build strategy in regulated business services, gaining a DIFC presence through Clara's operations there. Financial terms were not disclosed.

Full profile — market position, technology, go-to-market, geography, history

Market position

Described as the largest licensed corporate service provider in ADGM, managing approximately 2,000 companies across ADGM and DIFC, and positioned as a legaltech platform combining software with regulated formation services.

Combines automated software for legal and equity administration with licensed, regulated corporate service provider status in ADGM and DIFC, guided by in-house legal expertise and offered at fixed, transparent pricing across multiple investor-preferred jurisdictions.

Technology

A web platform that digitises and automates startup legal processes: digital company formation workflows, cap table building and management, data rooms, governance and compliance tracking, ESOP administration and a portfolio dashboard for investors. Integrations include DocuSign and Checkout.com.

Go-to-market

Direct enquiry-driven sales via its website, distribution through law firms and advisers that form companies on behalf of clients, and partnerships with investors and accelerators that onboard portfolio companies to Clara for legal due diligence — including a partnership with VMS announced in March 2024 to support MENA startups.

Startups, SMEs and corporates, law firms and advisers, venture capital investors, accelerators and government-related entities.

Geography

Operations centred on ADGM (Abu Dhabi) and DIFC (Dubai), with earlier reporting describing the company as London-based; incorporation services span ADGM, DIFC, Cayman Islands, BVI, Delaware, Singapore and Saudi Arabia, with a customer focus on MENA.

History

Clara was founded in 2018 and graduated from Techstars Dubai in 2019, initially positioning itself as a legal operating system for startups. In July 2020, while described as London-based, it announced the acquisition of Foundra Corporate Services — an ADGM incorporation provider established in 2018 that had formed more than 400 companies — and a partnership with a Cayman Islands affiliate, securing rights to incorporate companies in the Cayman Islands and ADGM; both businesses were rebranded as "Clara Formations" and Foundra Managing Director Kathryn Burke joined Clara, later leading the business. Its digital formations module, integrated with DocuSign and Checkout.com, was slated to launch in August 2020 with an initial focus on Cayman and ADGM, with Delaware, Singapore and the UK under consideration. A Series A followed in 2023, and in late 2023 Clara acquired ADGM-based BOTH Corporate Services Limited. In March 2024 Clara announced a partnership with VMS to support MENA entrepreneurs. In February 2026 it was reported that Singapore-headquartered Ascentium had acquired Clara.

Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Companies managed across ADGM and DIFCFeb 20262,000 companies
Seed financing raised from institutional investorsJul 2020$3M
Total funding raisedFeb 2026$5.6M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 6

by search overlap
Eqvista110 shared keywordsEqvista provides equity management software and 409A valuation services for startups and private companies. The platform combines cap table management, company valuations, and compliance tools to help founders manage ownership from formation through pre-IPO.
Corporatefinanceinstitute105 shared keywordsCorporate Finance Institute (CFI) is an online training platform offering certifications and courses in financial modeling, valuation, FP&A, financial analysis, business intelligence, and related finance and AI skills. It serves finance professionals seeking job-ready skills and industry-recognized credentials such as the FMVA.
Upcounsel76 shared keywordsUpCounsel offers an online platform for businesses to work with lawyers, providing tools for team messaging, document storage and e-signature, time tracking, and invoicing and payment management for legal engagements. It is aimed at companies managing their legal work and communication with attorneys.
SeedLegals74 shared keywordsSeedLegals is a UK legaltech platform for founders and investors to run and close funding rounds, offering tools to create term sheets, review deals with AI, negotiate, and generate and sign investment documents. It serves startups, angels, VCs, funds and incubators, with support for SEIS/EIS, and operates in the UK, France, Ireland and other markets.
Qapita55 shared keywordsQapita provides equity and cap table management software, offering companies tools for onboarding, data migration, and ongoing administration of their equity records. It is presented as an alternative to platforms like Carta.
SmartAsset50 shared keywordsFisher Investments is a global money management and financial advisory firm that provides portfolio management, financial planning, and retirement planning services primarily to high-net-worth individuals and institutional clients. The firm manages investments across equities, fixed income, and blended accounts using an active, forward-looking investment approach.

Companies competing with Clara for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 5

launches, deals, and filings
Feb 2026
Ascentium acquires Clara

Singapore-headquartered business services platform Ascentium acquired Clara, the largest licensed corporate service provider in ADGM, also gaining a DIFC presence through Clara's operations. Financial terms were not disclosed.

source ↗

Mar 2024
Clara partners with VMS to support MENA entrepreneurs

Clara and VMS signed a partnership to support MENA startups, combining Clara's legal simplification tools with VMS's resources and innovation network.

source ↗

Jan 2023
Clara acquires BOTH Corporate Services Limited

Clara acquired BOTH Corporate Services Limited, another ADGM-based corporate services provider, in late 2023.

source ↗

Aug 2020
Digital formations module launch focused on Cayman and ADGM

Clara's digital formations module, integrated with DocuSign and Checkout.com, was announced for launch in August 2020 with an initial focus on Cayman Islands and ADGM incorporations.

source ↗

Jul 2020
Clara acquires Foundra Corporate Services and secures Cayman and ADGM incorporation rights

Clara announced the acquisition of Foundra Corporate Services, an ADGM company formation provider established in 2018 that had formed more than 400 companies, together with a partnership with a Cayman Islands affiliate. Both were rebranded as "Clara Formations", and Foundra Managing Director Kathryn Burke joined Clara.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 7

primary sources listed

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Clara do?
Clara is a legaltech platform and licensed corporate service provider for digital company formation, governance and cap table management.
Who are Clara's investors?
Clara's investors include 500 Global, Dubai Angel Investors, LegalTech, Shorooq Partners, Techstars, Wamda Capital.
Where is Clara headquartered?
Clara is headquartered in Abu Dhabi, AE.