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Clearbanc rebrands as Clearco, raises $100 Million

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Clearbanc-Team

(Image: © Tink)

TORONTO – The company formerly known as Clearbanc raised an additional $100 million in Series C equity funding, bringing its total valuation close to $2 Billion. The New York and Toronto based company, now officially Clearco, has rebranded itself to include its expanded business interests.

The company also received US$250M of debt from Credigy. It intends to use the funds to accelerate growth plans.

Clearco was co-founded in 2015 by Michele Romanow of Canada’s Dragons’ Den fame, Andrew D’Souza, Ivan Gritsiniak, Charlie Feng, and Tanay Delima. It offers non-dilutive capital solutions for e-commerce, apps and SaaS startups and established companies, as well as a full suite of products and access to a global network, insights and data, and recommendations.

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