Clearbanc is one of the reputed names in the field of e-commerce investors. The company is a great example of what success is and how to achieve it. The Clearbanc recently rebranded itself and gave itself a more powerful name, “Clearco,” which shows its strength and uniqueness.
Clearco announced a huge success in its funding by raising a sum that amounted to $100 million in its series C funding. This new clearco 100m series raises the company’s valuation to $2 billion.
The company rebranded its name to Clearco to reflect the evolution that has taken place in the company from time to time. The word “clearco” reflects a much broader platform where the number of services and products is unlimited, and upgraded, and where the growth of the enterprise increases day by day. Clearco is unique in its commitments and follows the algorithm of unity that is gender, race, and region agnostic.
The co-founder and president of Clearco said that “clearbanc to Clearco is not just a move that represents a change in one brand to another, it is a move that represents our movement beyond the capital.”
He added a few words by saying that “we have a great investment which accounts for more than $2 billion in more than 4,500 companies.” Furthermore, we are not limited to funding alone; rather, we are more focused on creating a product suite based on the needs of our customers. He concluded his statement by saying that “ our new name reflects our commitments towards our goal, our competencies, and promises with the founders and our customers.”
“The company has raised $100 million of equity and $250 million of debt in series funding to support our goal of changing the face of fundraising, and we feel really proud that we succeeded in this,” said Romanow.
In addition to this, the company says that our motive is to “spread the wealth as much as we can.” To achieve this goal and fulfill all the objectives stated in the company memorandum, the company works really hard. The company’s success can be traced to the way its products are offered and the way it supports funding. It has funded more than 20 companies all over the United States, along with 10 Canadian provinces, three territories, and the UK. At present, more than 70 percent of the companies’ funding is invested in companies that are located outside London.
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