Michele Romanow
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…
Clearco, a Toronto-based fintech capital provider for online companies, tells TechCrunch that it has laid off 125 people, or 25% of its entire staff. Those…
Early-stage startups still have access to ample capital, giving them a VC bubble that somewhat protects them from rapid changes in the greater economy. But that bubble is changing shape.
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…
Venture capital is a popular source of capital for early-stage startups, but it’s not the only one. Debt is an increasingly popular alternative, as is non-dilutive, revenue-based financing.
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Bootstrapping in 2021 goes a long way
The well-worn riff that it’s easier than ever to start a company today could be wed to the concept that it’s perhaps cheaper, too. That should bode well for bootstrapping.
Intuit launches venture arm to invest in startups with innovation for small businesses, consumers
Intuit Ventures will identify growth opportunities and trends beneficial for Intuit’s key customers — small businesses and consumers.
Toronto-based Clearco, a fintech capital provider for online companies, has raised $215 million in a round led by SoftBank Vision Fund II. The financing event closed just weeks after Clearco…
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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…
The Federal Trade Commission has sued to block Procter & Gamble’s acquisition of Billie, a NY-based startup that sells razors and body wash. In the notice, the FTC alleged that…
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…
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…
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…
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.
