Clearco

Clearco in its US$100 million Series C Financing

Client

Clearco

Value

US$100 million

Service

Emerging and High Growth Companies

Date Closed

April 2021

Industry

FinTech

Lead Office

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).