UAE - Mubasher: The Dubai International Financial Centre (DIFC) has invested in the UK-based legaltech startup, Clara, through its FinTech Fund, a $100 million fund announced in 2017 to help startups and growth-stage companies have access to MEASA markets.

Clara’s innovative platform digitises and automates many of the founders of legal tasks and enable them to establish companies in different jurisdictions, according to a press release on Monday.

This investment is in line with DIFC’s commitment to startups by licensing Clara to offer corporate services to DIFC companies by deploying its innovative digital formations workflow under its new license.

The DIFC is the third jurisdiction granting the legaltech startup the right to establish companies.

The CEO of DIFC Authority, Arif Amiri, said: "DIFC continues to be a catalyst for innovation in the region by investing in businesses that can help transform the finance industry."

Meanwhile, the CEO and Co-Founder of Clara, Patrick Rogers, commented: "We are thrilled to be setting up in DIFC which will allow us to completely streamline the customer experience of incorporating DIFC entities – adding further value to the Clara platform, which digitises and automates startup legals."