Clearco’s $100 Million Series C Financing

Osler, Hoskin & Harcourt LLP advised Clearbanc.

On April 20, 2021, Clearbanc, the world’s largest e-commerce investor, announced a rebrand and a US$100 million Series C equity finding. This funding brings the company’s valuation to almost $2 billion, while also achieving the “unicorn” status; a private company with a valuation of over US $1 billion.

Clearbanc, now rebranded as Clearco, will use the funds for strategic business growth and development.

Oak HC/FT led the funding round, with Co-founder and Managing Partner Annie Lamont joining the board of directors. New investors include executives from Stripe, Square, Affirm, Adyen, Robinhood, Betterment, Airbnb, Hubspot, AirWallex and Apple.

The Osler team consisted of Chad Bayne (Picture), Justin Dharamdial, Jeremy Lin and Theresa Donkor (Emerging and High Growth Companies).

 

Involved fees earner: Chad Bayne – Osler Hoskin & Harcourt; Justin Dharamdial – Osler Hoskin & Harcourt; Theresa Donkor – Osler Hoskin & Harcourt; Jeremy Lin – Osler Hoskin & Harcourt;

Law Firms: Osler Hoskin & Harcourt;

Clients: Clearco;

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Martina Bellini

Author: Martina Bellini