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.