Emerging and High Growth Companies

Clearco in its US$100 million Series C Financing

Clearco
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Jeremy Lin

Associate, Emerging and High Growth Companies, Toronto

Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto

 

On April 20, 2021, Clearbanc, the world's largest e-commerce investor, announced a rebrand and a US$100 million Series C equity funding. This funding brings the company’s valuation to almost $2 billion, while also achieving the “unicorn” status; a private company with a valuation of over US $1 billion. Clearbanc, now rebranded as Clearco, will use the funds for strategic business growth and development.

Osler, Hoskin & Harcourt LLP advised Clearbanc with a team consisting of Chad Bayne, Justin Dharamdial, Jeremy Lin and Theresa Donkor (Emerging and High Growth Companies).

Value
US$100 million
Date Closed
April 20, 2021
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Jeremy Lin

Associate, Emerging and High Growth Companies, Toronto

Justin Dharamdial

Partner, Emerging and High Growth Companies, Toronto