Clearbanc

Clearbanc in its US$50 million equity financing

Client

Clearbanc

Value

US$50 million

Service

Emerging and High Growth Companies

Date Closed

Industry

Venture Capital

Lead Office

Toronto


 

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).


Team
Chad Bayne
Key Contact

Chad Bayne

Partner, Emerging and High Growth Companies

Justin Dharamdial

Justin Dharamdial

Associate, Emerging and High Growth Companies

Jeremy Lin

Jeremy Lin

Associate, Emerging and High Growth Companies