Clearbanc
In pursuit of profits, Clearco co-founder Michele Romanow has stepped down as chief executive of the company around a year after assuming the official role. The shift comes alongside yet…
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Clearco cuts international staff as it retracts presence, announces new partner
Clearco, a Toronto-based fintech capital provider for online companies, is walking back the international expansion it once touted as the future of the company. One month after cutting 25% of its total staff, Clearco is conducting another round of layoffs as it retracts its international presence in the U.K., Germany,…
Clearco co-founder Andrew D’Souza tells TechCrunch that he has stepped back from his role as chief executive at the fintech company. Michele Romanow, the co-founder and president of Clearco, is…
Divibank, a financing platform offering LatAm businesses access to growth capital, has closed on a $3.6 million round of seed funding led by San Francisco-based Better Tomorrow Ventures (BTV). São…
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What the MasterClass effect means for edtech
MasterClass, which sells a subscription to celebrity-taught classes, sits on the cusp of entertainment and education. It offers virtual, yet aspirational learning: an online tennis class with Serena Williams, a cooking session with Gordon Ramsay. While there’s the off chance that an instructor might actually talk to you — it…
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Clearbanc rebrands its way into a unicorn
After five years of providing non-dilutive financing for founders, Clearbanc is tired of being only a bank. So, it’s rebranding, and has just raised a $100 million Series C at a $2 billion valuation off of its broader ambitions. The new valuation is five times larger than it was when…
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
“A lot of founders mix up raising money with making money.” This quote, which Career Karma founder Ruben Harris mentioned off-hand on a phone call with me, has been on…
Clearbanc, a Toronto-based company that funds startups through equity-free investments, has laid off 17 employees to help it navigate the long-term economic impact of COVID-19, TechCrunch has learned. The cuts…
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. The whole crew was present this week: Natasha, Danny and Alex, along…
Startups are preparing for fundraising to become even harder to secure, due to a venture market slow down caused by COVID-19. The pandemic has led to less market activity, which…
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Married co-founders are a startup’s secret weapon
“If I was running Clearbanc by myself, it probably would have gone off the cliff eight times at this point,” says Clearbanc co-founder Andrew D’Souza. “If I were running the company by myself, it would be half its size,” adds Michele Romanow, Clearbanc’s other co-founder. In addition to starting the…
What do you do when your startup idea doesn’t prove big enough? Run it as a scrawny but profitable lifestyle business? Or sell it to a competitor and take another…
A new wave of revenue-based investors are emerging who are using creative investing structures with some of the upside of traditional VC, but some of the downside protection of debt.
Raising venture capital isn’t easy; for some, it’s impossible. Clearbanc offers startups a fundraising alternative, and in just a few short years, it’s become a household name in Silicon Valley…
That company disrupting venture capital just raised more venture capital. Clearbanc has attracted $300 million, including a $50 million equity investment led by Highland Capital with participation from Arcadia, iNovia…
When starting a tech company, there seems to be a playbook that most entrepreneurs follow. While some may start with a bit of bootstrapping, most will dive straight into raising…
Welcome back to this week’s transcribed edition of Equity, TechCrunch’s venture capital-focused podcast that unpacks the numbers behind the headlines. Here we put the words…
In this week’s startups newsletter: What’s the deal with A16z? Why is Lyft’s stock sinking? And what’s ahead for the e-scooter industry?
The founders of Clearbanc don’t want entrepreneurs giving up equity for ad spend.
Each week, Extra Crunch members have access to conference calls moderated by the TechCrunch writers you read every day. This week, in addition to Zack Whittaker’s discussion about a complicated…
Clearbanc is disrupting startup funding by providing companies cash to buy ads in exchange for a revenue share so they don’t have to sell as much equity to venture capitalists.…
Selling equity to buy Facebook and Google ads is a bad deal for startups. Clearbanc offers a fundraising alternative. For fast-growing businesses reliably earning sales from their marketing spend, Clearbanc…
