Funding round
Clearco Growth
Reported as "Growth Equity"
Clearco, which works in business funding solutions delivery in Toronto, raised $215M in a Growth round announced on 8 Jul 2021, led by SoftBank Vision Fund. 4 firms took part. It is Clearco's fifth venture round on record; the one before was a Series C in Apr 2021.
$215M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Clearco did not disclose a valuation in this round; its last disclosed one was $2.00B at the Series C (Apr 2021). It came 3 months after Clearco's Series C. It is 27% of the $795M Clearco has raised in the venture rounds on record. Clearco raised again 27 months later: a Series D round of $60M in Oct 2023.
Clearco's funding rounds
Clearco has 6 venture rounds on record and 2 other deals. This one is highlighted.
- Series A 1 Jan 2018 $70M
- Growth 18 Dec 2018, led by Upper90 $50M
- Series B 9 Aug 2019, led by Highland Capital $300M
- Debt not a venture round 1 Oct 2019 $250M
- Series C 20 Apr 2021, led by Oak HC/FT $100M$2.00B post-money
- Growth this round 8 Jul 2021, led by SoftBank Vision Fund $215M
- Series D 4 Oct 2023, led by Inovia and Founders Circle Capital $60M
- Debt not a venture round 18 Aug 2026, led by Macquarie $100M
Investors
Who put money in
SoftBank Vision Fund led the round with 3 other firms.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Also in the round
- Intuit new investor
- backs 22 venture-backed companies new investor
- Park West new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
43 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $80M, and this round was 2.7 times the median. The closest in time, other companies' Growth rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| MPOWER Financing Loans & Financing | 13 Jul 2021 | $100M | not disclosed | not named |
| Loans & Financing | 25 Jun 2021 | $28M | not disclosed | Blue like an Orange |
| Prodigy Finance Loans & Financing | 23 Sep 2021 | $750M | not disclosed | CPP Investments |
| Loans & Financing | 19 May 2021 | $250M | $2.00B | Greenspring Associates |
| Loans & Financing | 8 Sep 2021 | $120M | $700M | Apis Partners |
| MNT-Halan Loans & Financing | 8 Sep 2021 | $120M | not disclosed | Apis Partners |
| Loans & Financing | 20 May 2021 | $80M | not disclosed | Lakestar |
| Loans & Financing | 28 Sep 2021 | $50M | not disclosed | Lightrock |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Clearco raise in its Growth round?
Clearco raised $215M in its Growth round, announced in Jul 2021.
Who led Clearco's Growth round?
SoftBank Vision Fund led it, with Intuit, Bow Capital and Park West.
What was Clearco's valuation at the Growth round?
It was not disclosed; its last disclosed one was $2.00B at the Series C (Apr 2021).
How does it compare with other Growth rounds in Loans & Financing?
43 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $80M, and this round was 2.7 times the median.
Did Clearco raise again after this round?
Yes: a Series D round in Oct 2023 of $60M.