Clearco: Raises $215M USD in Funding

Clearco Raises $215M USD in Funding

  • Clearco, a Toronto, Canada-based e-commerce investor focused on giving founders opportunities to grow their businesses, raised $215M in funding.
  • The round was led by new investor SoftBank Vision Fund 2 with participation from Intuit, Bow Capital and Park West
  • The company intends to use the funds to continue to expand its international footprint and operations and grow its suite of products
  • The company provides a suite of performance financing products and services tailor made to help founders retain ownership
  • The company has financed over 5500 companies to date, including Leesa Sleep, fashion-rental service Le Tote, home goods company Public Goods
  • The team also includes: Ruma Bose, Chief Growth Officer, Sarah Clark, Head of UK, Satwik Seshasai, Chief Technology Officer
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Mastercard, Visa, and Revolut Lose UK Legal Challenge Over Card Fee Cap Plans

UK courts uphold cap on interchange fees affecting major payment companies.Highlights: UK courts dismiss legal challenge by Mastercard,...

LSEG Launches Blockchain-Based Digital Settlement Network

This new platform aims to enhance financial settlement processes.Highlights: LSEG has launched a blockchain-enabled digital settlement network.The platform...

SWIFT to Build Shared Ledger for Tokenised Asset Transactions

New initiative aims to streamline digital asset transactions globally.Highlights: SWIFT is launching a shared ledger for tokenised assets.The...

Keye Launches AI Co-Pilot for Private Equity Due Diligence

Innovative tool aims to streamline investment analysis and decision-making.Highlights: Keye introduces an AI co-pilot for private equity due...