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