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Clearco
e-Commerce store investor
- 101-200 employees
- B2B
- Fundraising
- Investing
- Venture Capital
- eCommerce
- St. Lawrence, Toronto, ON
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Company mission
Clearco's mission is to democratize access to capital for e-commerce businesses.
-62% employee growth in 12 months
Our take
Online platforms present excellent opportunities for entrepreneurs to start up e-commerce businesses, but accessing funding for it can be difficult. Venture capital processes can be slow, biased, and usually focus exclusively on funding large businesses.
Clearco invests in e-commerce businesses, providing funding of between £10,000 and £20 million to businesses as quickly as within 48 hours. The offering process is automated by AI, based on connecting business data from stores and advertisements, ensuring that it can be processed rapidly, accurately, and without the need for equity.
Whilst venture capital companies currently present funding opportunities for e-commerce businesses, Clearco has taken a unique data-driven approach, allowing it to automate and thus increase the speeds that its funding can take place. The company has also taken a non-biased and inclusive stance on its business, investing in 25 times more women-led businesses than venture capital alternatives, and providing a range of funding opportunities to accommodate any business size.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Beautiful downtown office, or remote
- Comprehensive health insurance
- Flexible vacation & holidays
- Generous parental & family leave
- Kickass team & leadership
- Healthy food & snacks
Company values
- Authenticity - can determine the difference between narrative and reality and articulate their feelings about a situation
- Integrity - has no ego when communicating misses - doesn’t pass blame, takes ownership of the situation and focuses on solving the problem
- Speed - taking initiative to push objectives forward faster and quickly making decisions that are reversible
- Responsibility - understands that they are responsible for their own situation and empowered to fix it. Doesn’t complain, owns decisions and failures and solves problems
- Winning - explicitly ensures others are aware they want them to win in all interactions. Uses this as a basis for all conversations, positive or negative. Company Stats
Funding (last 2 of 5 rounds)
Oct 2023
$60m
SERIES D
Jul 2021
$215m
LATE VC
Total funding: $494.3m
This company has top investors
Leadership
Michele Romanow
(Executive Chairman)Director of Vail Resorts since 2016. Dragon Investor on Dragons' Den since 2015.
Andrew D'Souza
(Executive Chairman)President of Nymi from 2013 to 2015. Advisor for Wealthsimple since 2014.
Ivan Gritsiniak
(VP of Finance)Co-founded Clearbanc (now Clearco) as Director of Finance in 2016.