On July 31, 2019, Clearbanc completed a US$50 million equity investment led by Highland Capital with participation from Arcadia, iNovia and Emergence Capital and another US$250 million investment from limited partners for its third fund. The equity investment will be used to expand into new verticals beyond e-commerce and to launch a venture partner program which will give its portfolio of founders access to experienced investors and operators.
Clearbanc is a Toronto-based company that offers startups an alternative to Venture Capital in the form of non-dilutive revenue-share agreements. Clearbanc is quick to make decisions about potential investments, driven by a goal of backing 2,000 companies by 2020.
Osler, Hoskin & Harcourt LLP advised Clearbanc with a team consisting of Chad Bayne, Justin Dharamdial, and Jeremy Lin (Emerging and High Growth Companies).
Key Contact
Partner, Emerging and High Growth Companies, Toronto
Team
Associate, Emerging and High Growth Companies, Toronto
Partner, Emerging and High Growth Companies, Toronto
