# Clearco

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clearco

- Industry: Financial Services
- Headquarters: Toronto, Canada
- Website: www.clear.co
- Total disclosed funding: $281M
- Latest round: Series D (Oct 4, 2023)
- Investors on record: 15

## About

Founded in 2015 and based in Toronto, Canada, Clear Finance Technology Corp, doing business as Clearco, is a fintech institution that provides equity financing to business founders. CEO Andrew D’ Souza, CTO Pavel Melnichuk, Ben Sanders, Charlie Feng, Ivan Gritsiniak, Olivier Grinda, Tanay Delima, and Michele Romanow co-founded the company and have raised venture capital funding from private equity investors, including Highland Capital Partners, Inovia Capital, and Founders Fund. In October 2023, Clearco raised USD 100 million in venture debt funding from Pollen Street Capital.

The company works with business owners by offering capital financing and AI (artificial intelligence)--based financial technology services. Clearco enables business founders of e-commerce, mobile apps, and SaaS (Software as a Service) founders to borrow equity financing, pay invoices online, make flexible service payments, and scale sales operations. 

Clearco generates revenue by charging a fixed percentage of daily sales to borrowers until the capital lent and flat fee are recouped. 

The company plans to use the October 2023 funding to expand its e-commerce businesses.

## Funding rounds

- Series D, Oct 4, 2023, $60M — Inovia Capital, Founders Circle Capital
- Series C, Apr 20, 2021, $102M — Oak HC/FT
- Series B, Jul 31, 2019, $49M — Highland Capital Partners, Inovia Capital, Emergence Capital
- Series A, Aug 27, 2018, $70M — Inovia Capital, Emergence Capital, Founders Fund, WTI, Real Ventures, Social Capital, FJ Labs, Precursor Ventures, 8VC, Portage Ventures, Berggruen Holdings, Treville Capital Group

## Investors

- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Series A, Series B, Series D
- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series A, Series B
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- WTI — Series A
- Real Ventures — Series A
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- Precursor Ventures (https://capitalatlas.ai/funds/precursor-ventures) — Series A
- 8VC (https://capitalatlas.ai/funds/8vc) — Series A
- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Series A
- Berggruen Holdings (https://capitalatlas.ai/funds/berggruen-holdings) — Series A
- Treville Capital Group (https://capitalatlas.ai/funds/treville-capital-group) — Series A
- Highland Capital Partners (https://capitalatlas.ai/funds/highland-capital-partners) — Series B
- Oak HC/FT (https://capitalatlas.ai/funds/oak-hc-ft) — Series C
- Founders Circle Capital (https://capitalatlas.ai/funds/founders-circle-capital) — Series D