Investment Summary

General Atlantic Invests In Klar

On June 9, 2022, growth capital firm General Atlantic invested in financial services company Klar

Investment Highlights
  • This is General Atlantic’s 30th transaction in the Financial Services sector.
  • This is General Atlantic’s 7th transaction in Mexico.

Investment Summary

Date 2022-06-09
Target Klar
Sector Financial Services
Investor(s) General Atlantic
Deal Type Venture

Target

Klar

Mexico City, Mexico
Klar is a Mexican digital financial services platform providing a transparent, free and secure alternative to traditional debit and credit services. Klar was founded in 2019 and is based in Mexico City, Mexico.

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Investor(S) 1

Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 330 of 364
Sector: Financial Services M&A 30 of 32
Type: Venture M&A Deals 98 of 98
Country: Mexico M&A 7 of 8
Year: 2022 M&A 20 of 24
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DATE TARGET DEAL TYPE VALUE
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Ultima Genomics focuses on developing next-generation genome sequencing technology for the high-volume research and clinical markets. Ultima Genomics was founded in 2016 and is based in Fremont, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-17 Grove Collaborative

San Francisco, California, United States

Grove Collaborative is an e-commerce platform for natural home and personal care products. Grove Collaborative was founded in 2012 and is based in San Francisco, California.

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