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