Clearbanc

Clearbanc

A company that participated in the F1 cohort of Y Combinator. It provides financial services to self-employed, freelancers, independent contractors and entrepreneurs

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Timeline

February 25, 2021
Clearbanc unveils ClearAngel and intends to lend $100 million from the investment vehicle to support founders who don't have access to angel investors, an experienced board or adviser network.

July 16, 2020
Clearbanc announces an important extension of their platform with the launch of Valuation.
April 9, 2020
Clearbanc launches Clearbanc Runway, a new financing product to help startups secure money.
November 2018
Clearbanc secured a $70 million round in seed and Series A funding from Emergence Capital, Chamath Palihapitiya of Social Capital, CoVenture, Founders Fund, 8VC and others.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Clearbanc funding round, November 2018
70,000,000
November 2018
1 Result
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People

Name
Role
LinkedIn

Andrew D'Souza

Founder

Charlie Feng

Founder

Karman Lee

Employee

Michele Romanow

Founder

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Anisah Osman Britton
March 3, 2021
Sifted
Not all startups want to take VC funding. Meet the alternative finance providers offering them a different kind of capital in Europe.
Natasha Mascarenhas
February 27, 2021
TechCrunch
"A lot of founders mix up raising money with making money." This quote, which Career Karma founder Ruben Harris mentioned off-hand on a phone call with me, has been on my mind for months. In fact, raising money can cost you money, in the form of that sweet, sweet ownership and equity. That's why Clearbanc, [...]
Meagan Simpson
February 26, 2021
BetaKit
Clearbanc is currently testing out a new product, ClearAngel, that will allow companies at the earliest stages to receive revenue-share model funding.
Annie Siebert
February 26, 2021
TechCrunch
Research shows that diverse teams, companies and founders pay, so why are all of the VC home runs from white men, or Asian men in Asia, plus a few Asian men in the U.S.?
February 25, 2021
WebWire
Clearbanc, the company changing the way founders grow their business and the world's largest eCommerce investor, today announced the public beta of ClearAngel. For the first time, founders at the earliest stage can get automated guidance and equity-free capital through an extensive data platform to accelerate their first years of business, helping answer the questions and avoid the pitfalls many founders face. An Angel Investor for Every Founder More than 50% of businesses fail i...
Christine Hall
February 25, 2021
Crunchbase News
The investment vehicle supports founders who don't have access to angel investors, an experienced board or adviser network.
Meagan Simpson
February 17, 2021
BetaKit
Boast.ai has secured a $100 million credit facility to provide companies with up-front loans for their government research and development (R&D) tax credits.
Melia Russell
December 2, 2020
Business Insider
Clearbanc was the top Canadian startup to work for in 2020, according to a LinkedIn ranking.
Isabelle Kirkwood
October 9, 2020
BetaKit
Clearbanc has launched a new inventory program for small businesses.
July 16, 2020
WebWire
Clearbanc, the company changing the way founders grow their business, today announces an important extension of their platform with the launch of Valuation. This new data solution is the first-of-its-kind, and answers the age-old question of "How Much is My Company Worth?" in an economy where growth and value are of the utmost importance. Within 24 hours, founders will know the value of their company and have the option to access growth capital, connect with investors to raise an equity...
Meagan Simpson
April 13, 2020
BetaKit
Revenue share investor Clearbanc launched a new product to support entrepreneurs facing a finance crunch due to COVID-19 and has also laid off 17 employees.
April 13, 2020
WebWire
Clearbanc, the company changing the way founders raise money with fast, affordable capital, today announced the launch of Runway in response to the economic crisis brought on by COVID-19. Runway analyzes a business's cash burn and cash on hand to offer founders flexible, monthly equity-free cash injections to help founders sustain operations, also known as their 'runway.' Clearbanc is also expanding its overall non-dilutive capital beyond consumer companies to B2B companies to convert MRR...
Natasha Mascarenhas
April 13, 2020
TechCrunch
Clearbanc, a Toronto-based company that funds startups through equity-free investments, has laid off 17 employees to help it navigate the long-term economic impact of COVID-19, TechCrunch has learned. The cuts impact about 8% of the staff, affecting roles ranging from office managers to recruiters and sales. Co-founder Michele Romanow says the company will use its [...]
Eric Eldon
April 11, 2020
TechCrunch
While consumer tech has matured as a startup category in recent years, many investors continue to be bullish on specific trends like online gaming, voice, and the unbundling of platforms in favor of focused social networks.
Natasha Mascarenhas
April 9, 2020
TechCrunch
Startups are preparing for fundraising to become even harder to secure, due to a venture market slow down caused by COVID-19. The pandemic has led to less market activity, which means fewer liquidity deals for investors, which translates into less fresh capital (or dry powder) to put into startups. As a result investors have told [...]
Kamal Hassan
January 13, 2020
Harvard Business Review
And why it needs to end.
Meagan Simpson
July 31, 2019
BetaKit
Just over half a year since raising $159.28 million CAD, Clearbanc has raised an additional $300 million USD to help scale its alternative fundraising model.
July 31, 2019
WebWire
Clearbanc, the company changing the way companies raise money by providing fast, affordable growth capital, announced it has raised $300M USD in new financing. The equity investment was led by Highland Capital and existing investors Inovia and Emergence Capital, and the financing facility was led by Arcadia Funds and Upper90. Funding will fuel Clearbanc's sales and engineering team expansion and scale the growth capital available to portfolio companies. Dan Nova, General Partner at Highla...
Kate Clark
July 31, 2019
TechCrunch
Raising venture capital isn't easy; for some, it's impossible. Clearbanc offers startups a fundraising alternative, and in just a few short years, it's become a household name in Silicon Valley circles. The company disrupts the startup funding process by providing companies cash to buy ads in exchange for a revenue share so those companies aren't [...]
Kate Clark
July 31, 2019
TechCrunch
That company disrupting venture capital just raised more venture capital. Clearbanc has attracted $300 million, including a $50 million equity investment led by Highland Capital with participation from Arcadia, iNovia and Emergence Capital, and another $250 million from limited partners for its third fund. Clearbanc declined to disclose its valuation, but noted the company was [...]
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References

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