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).