Tech Company Financing Transactions
Clearbanc Funding Round
On 8/1/2019, Clearbanc received $50 million in funding from Highland Capital Partners, Arcadia and Emergence Capital Partners.
Transaction Overview
Company Name
Announced On
8/1/2019
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The investment will be used to expand into new verticals beyond e-commerce and to launch a venture partner program, which will give its portfolio of founders access to experienced investors and operators, a resource a traditional venture capital fund typically provides its entrepreneurs.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
1 York St. 15th Floor
Toronto ON, M5J 2L9
Canada
Toronto ON, M5J 2L9
Canada
Phone
Website
Email Address
Overview
Clearbanc invests in entrepreneurs to help them grow their web-enabled businesses. Launched in 2015, Clearbanc uses proprietary underwriting technology to offer more capital at quicker speeds and more flexible terms than other financing alternatives.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andrew D'Souza
Founder
Charlie Feng
President
Michele Romanow
VP - Finance
Ivan Gritsiniak
VP - Product Management
Tanay Delima
Browse more venture capital transactions:
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