Canadian growth capital firm Clearco has raised $60 million in a Series D funding round and secured a $100 million financing facility as part of its financial recapitalisation strategy.
The Series D round was led by Clearco’s existing investors Inovia Capital and Founders Circle Capital, while the financing facility is provided by Pollen Street Capital.
This funding will support Clearco’s revenue-based financing solution, Invoice Funding, which underwrites business loans using AI and proprietary machine learning technology.
Clearco has funded over 10,000 e-commerce businesses and advanced over $2.5 billion to date.