Clearco is a revenue-based financing company that provides fast, non-dilutive capital to startups and online businesses. Instead of equity or fixed repayments, Clearco advances capital in exchange for a percentage of future revenue.
The platform primarily serves eCommerce, SaaS, and digital-first companies, enabling founders to scale marketing, inventory, and operations without giving up ownership.
What Is Clearco and What Does It Do?
Clearco, founded in 2015, is a Toronto-based (Canada) fintech company that offers revenue-based financing solutions to growing businesses. Using real-time data integrations, Clearco evaluates company performance and deploys capital quickly without traditional credit checks.
Clearco employs a global team and supports founders across North America, Europe, and other international markets.
How Much Funding Has Clearco Raised?
1. Series D
- Amount Raised: $60M
- Date: October 2023
- Lead Investors: Inovia Capital, Founders Circle Capital
- Motivation: To strengthen balance sheet stability and continue disciplined capital deployment.
2. Series C
- Amount Raised: $230M
- Date: October 2022
- Lead Investors: SoftBank
- Motivation: To expand global reach and scale revenue-based financing operations.
3. Series C
- Amount Raised: $215M
- Date: July 2021
- Lead Investors: SoftBank Vision Fund
- Motivation: To accelerate growth, product automation, and international expansion.
Total Funding Raised: $775 Million
Current Valuation: $2 Billion (as of Jul 2021)
Latest Funding Date: October, 2023
Key Investors
1. SoftBank
- Details: Global technology investor backing category-defining platforms worldwide.
- Investment Focus Areas: Technology, fintech, AI, digital commerce.
- Notable Investments: Clearco, Coupang, DoorDash, WeWork.
2. Inovia Capital
- Details: Canadian venture capital firm focused on early and growth-stage technology companies.
- Investment Focus Areas: Fintech, SaaS, marketplaces.
- Notable Investments: Clearco, Shopify, Lightspeed.
3. Founders Circle Capital
- Details: Growth capital firm providing flexible financing to founder-led companies.
- Investment Focus Areas: SaaS, eCommerce, B2B platforms.
- Notable Investments: Clearco, Thumbtack, HotelTonight.
4. Highland Capital Partners
- Details: Venture capital firm investing in early-stage and growth-stage companies globally.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Clearco, Rent the Runway, Malwarebytes.
Where Is Clearco’s Headquarters?
Clearco is headquartered in Toronto, Canada, serving startups globally with a strong presence across North America and Europe.
What’s Next for Clearco?
Clearco is focused on sustainable growth, disciplined capital deployment, and deeper automation of its underwriting models. As founders increasingly seek non-dilutive funding options, Clearco is positioned to expand its footprint while refining risk management and long-term profitability.
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