Clearbanc secures US $50M Series B led by Highland Capital Partners

Clearbanc has raised US $50 million in Series B funding led by Highland Capital Partners with participation of existing investors Emergence Capital and Inovia Capital.

Clearbanc also raised US $250 million in committed capital, from Arcadia Funds LLC and Upper90, in a new separate funding vehicle to fund its e-commerce customers.

In connection with the closing of Series B, Dan Nova, General Partner at Highland Capital Partners, has joined Clearbanc board of directors.

In 2018, Clearbanc raised US $70 million led by Emergence Capital with participation of Social Capital, CoVenture, Founders Fund, 8VC, Inovia Capital, Real Ventures, Portag3, Precursor, WTI, Berggruen, and FJ Labs. Clearbank then raised US $50 million for a separate funding vehicle from Upper90.

Founded by Andrew D’Souza and Michele Romanow in 2015, Clearbanc provides entrepreneurs access to capital without personal guarantees, warrants, equity, or credit checks.

photo credit: Clearbanc

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.