Saturday, December 14, 2024

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

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