In the last four weeks alone, over 1,000 companies have reached out to Clearbanc representing a demand of up to $1 billion in capital. The high number of qualified businesses approaching Clearbanc caught the attention of Jason Finger, who was impressed by their innovative funding model and offered an additional $50 million to grow. “Clearbanc is revolutionizing the way that ecommerce brands access growth capital,” said Finger. “So often businesses raise dilutive capital for marketing expenses that can be financed far more effectively through channels like Clearbanc. The efficiency of their funding process enables entrepreneurs to maintain the focus necessary to build world class businesses. I think every company should first explore this form of capital as a fundraising best practice.”

https://privatecapitaljournal.com/clearbanc-secures-us-50m-follow-on-funding-from-upper90/