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

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

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People

Name
Role
LinkedIn

Andrew D'Souza

Founder

Charlie Feng

Founder

Karman Lee

Employee

Michele Romanow

Founder

Further reading

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Companies

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News

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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 [...]
June 26, 2019
WebWire
Clearbanc, the company that invests in fast-growing e-commerce brands with non-dilutive marketing capital, is pleased to announce that Michele Romanow, Co-Founder and President, has been named a recipient of Bloomberg Canada's Top 40 Under 40® for 2019. As a "Dragon" on CBC's hit show Dragons' Den (Canada's Shark Tank), Michele started five companies before her 33rd birthday and exited two before her 30th. She previously co-founded SnapSaves (acquired by Groupon) and was also the co-Foun...
Kate Clark
April 6, 2019
TechCrunch
In this week's startups newsletter: What's the deal with A16z? Why is Lyft's stock sinking? And what's ahead for the e-scooter industry?
Kate Clark
April 3, 2019
TechCrunch
The founders of Clearbanc don't want entrepreneurs giving up equity for ad spend.
Josh Constine
Invalid Date
TechCrunch
Clearbanc is disrupting startup funding by providing companies cash to buy ads in exchange for a revenue share so they don't have to sell as much equity to venue capitalists. That idea has proven so appealing that 1000 companies seeking up to $1 billion total hit up Clearbanc since we reporte...
Josh Constine
November 12, 2018
TechCrunch
Selling equity to buy Facebook and Google ads is a bad deal for startups. Clearbanc offers a fundraising alternative. For fast-growing businesses reliably earning sales from their marketing spend, Clearbanc offers funding from $5,000 to $10 million in exchange for a steady revenue share of their ea...

References

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