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Middle East and North Africa / United Arab Emirates

Legaltech start-up Clara opens new office in Dubai

UK-based Clara has opened a new office in Dubai following an investment from Dubai International Financial Centre’s Fintech Fund.

London-based Clara, which digitises and automates legal tasks for entrepreneurs, is to open a new office in the Dubai International Financial Centre (DIFC) in the United Arab Emirates.

The company recently received an undisclosed level of investment from DIFC’s Fintech Fund. The DIFC has also permitted Clara to provide its corporate services platform to DIFC companies.

DIFC is the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. The $100m DIFC Fintech Fund was established in 2017 to help upscale start-up and growth-stage companies looking to expand into the MEASA market.

In a press release, Clara chief executive officer Patrick Rogers said: “Start-ups 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.”

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Since its founding, Clara has raised $3.5m from investors including 500 Startups, Techstars and Wamda.

Naomi Davies

Naomi Davies

FDI consultant

Naomi Davies is an FDI consultant at Investment Monitor, with expertise in location benchmarking and cross-border investment.