Clearbanc

Clearbanc’s mission is to empower founders around the world with the tools required to grow their business. We help founders write their stories by providing them with the capital, insights, and resources they need to accelerate their trajectory. Our core product, a merchant cash advance, is positioned as a tailor-made, fast, and affordable option for eCommerce entrepreneurs looking to scale their companies. We offer funding up to $10M for a flat fee of 6-12.5%, recouped through a revenue share model. In addition to other financial solutions, we also provide founders with data-driven insights to understand their current position amongst their competitors and utilize their capital in a growth-optimized manner.Clearbanc co-founders Michele Romanow and Andrew D’Souza knew there had to be a better way for entrepreneurs to have the funding and insights they need to scale their business.Michele and Andrew deeply understand the pains of building a business; Michele bootstrapped five companies and sits on the other side of the table as a judge on “Dragon’s Den,” Canada’s equivalent of “Shark Tank.” Andrew has raised hundreds of millions of dollars for multiple startups and is an investor and advisor to many others. The idea for Clearbanc was inspired by their own experiences and struggles in building companies and working with other entrepreneurs.Clearbanc has provided capital to thousands of companies using proprietary software and data science models to identify high-growth funding opportunities. This data-driven approach takes the bias out of decision making. Clearbanc has funded 8x more female founders than traditional VCs, and has invested in over 3,300 eCommerce companies across Canada, the USA, and the UK to some of the fastest-growing consumer brands today, like Public Goods, Nectar Sleep, and UNTUCKit.