About Clearco
Clearco is a company based in Toronto (Canada) founded in 2015 by Andrew DSouza.. Clearco has raised $1.08 billion across 10 funding rounds from investors including Intuit, SoftBank and FJ Labs. Clearco offers products and services including Invoice Funding, Receipt Funding, Marketing Bill Funding, and Shipping and Logistics Funding. Clearco operates in a competitive market with competitors including Moove, Lighter Capital, Uncapped, Novel Capital and Flow Capital, among others.
- Headquarter Toronto, Canada
- Founders Andrew DSouza
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Clear Finance Technology Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.08 B (USD)
in 10 rounds
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Latest Funding Round
$60 M (USD), Series D
Oct 04, 2023
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Investors
Intuit
& 13 more
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Employee Count
Employee Count
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Products & Services of Clearco
Clearco offers a comprehensive portfolio of products and services, including Invoice Funding, Receipt Funding, Marketing Bill Funding, and Shipping and Logistics Funding. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Funds ecommerce invoices for timely supplier payments.
Reimburses receipts for marketing and operational expenses.
Supports funding for advertising campaigns to drive growth.
Covers costs for smooth product delivery operations.
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Funding Insights of Clearco
Clearco has successfully raised a total of $1.08B across 10 strategic funding rounds. The most recent funding activity was a Series D round of $60 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series D — $60.0M
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First Round
First Round
(12 Nov 2018)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series D - Clearco | Valuation | Inovia Capital , Founders Circle Capital | |
| Oct, 2022 | Amount | Series C - Clearco | Valuation | SoftBank |
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| Jul, 2021 | Amount | Debt – Conventional - Clearco | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Clearco
Clearco has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include Intuit, SoftBank and FJ Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments are made in early-stage technology companies by Inovia Capital.
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Founded Year | Domain | Location | |
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Investment management firm focusing on venture capital and direct secondary transactions
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by the private equity firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Clearco
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Clearco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Clearco Comparisons
Competitors of Clearco
Clearco operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moove, Lighter Capital, Uncapped, Novel Capital and Flow Capital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Revenue-based vehicle financing is offered to mobility entrepreneurs.
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| domain | founded_year | HQ Location |
Revenue-based financing is provided to businesses via an online platform.
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| domain | founded_year | HQ Location |
Online platform for revenue-based financing
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| domain | founded_year | HQ Location |
Revenue-based financing is offered to software businesses online.
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| domain | founded_year | HQ Location |
Provider of venture debt and revenue-based financing solutions tailored for businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Clearco
Frequently Asked Questions about Clearco
When was Clearco founded?
Clearco was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Clearco located?
Clearco is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Clearco?
Andrew DSouza is the current CEO of Clearco. They have also founded this company.
Is Clearco a funded company?
Clearco is a funded company, having raised a total of $1.08B across 10 funding rounds to date.
What does Clearco do?
Clearco was founded in 2015 in Toronto, Canada, as a provider of revenue-based financing. Loans are extended to businesses in sectors such as eCommerce and SaaS, with repayment structured as a percentage of generated revenue. Operations focus on supporting growth for digital and online enterprises through non-dilutive funding options. The model is applied across various business types to facilitate capital access without equity surrender.
Who are the top competitors of Clearco?
Clearco's top competitors include Moove, Lighter Capital and Uncapped.
What products or services does Clearco offer?
Clearco offers Invoice Funding, Receipt Funding, Marketing Bill Funding, and Shipping and Logistics Funding.
Who are Clearco's investors?
Clearco has 14 investors. Key investors include Intuit, SoftBank, FJ Labs, Kensington Capital Partners, and SoftBank Vision Fund.