A new pyrazolate-bridged tetranuclear copper(II) complex [{CuL(H2O)}4]·12H2O (H2L = 5-methoxycarbonylpyrazole-3-carboxylic acid) was synthesized and its crystal structure determined. The molecule has C2 symmetry and consists of four copper atoms bridged by four planar L ligands through the nitrogen atoms of the pyrazole groups to form a (–Cu–N–N–)4 12-membered ring. The co-ordination of each copper is distorted square planar. The basal plane of each copper atom is nearly parallel to a neighbouring pyrazole plane and perpendicular to another neighbouring pyrazole plane. In the crystal there is a hydrogen-bond network between water molecules and carboxylate groups which may control the packing. The magnetic properties of the complex have also been investigated down to 5 K. The fitting of the experimental data using a Heisenberg Hamiltonian shows that the exchange interaction between the copper atoms propagated through the monopyrazolate bridge is antiferromagnetic with J=–12.34 cm^–1. The reason for this small value relative to those in di-µ-pyrazolato-dicopper(II) complexes is discussed.