Clearco co-founder Michele Romanow steps down, cuts 30% of staff
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 another round
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 tota
Clearco co-founder Andrew D’Souza steps back as Michele Romanow assumes CEO role
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 now
Brazil’s Divibank raises millions to become the Clearbanc of LatAm
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 Pa
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 W
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
SoftBank makes mountains of cash off of human laziness
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
How capital as a service can help you get your first check in 2021
“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 my mind for months. In f
Clearbanc cuts staff to navigate ‘long-term economic impacts’ of COVID-19
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.
So many fintech eggs in so many baskets
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,
As VCs pull back, Clearbanc launches a way for startups to get runway
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 means fewer liquidity
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 m
SocialRank sells biz to Trufan, pivots to a mobile LinkedIn
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 swing at the fences? Social aud
Why are revenue-based VCs investing in so many women and underrepresented founders?
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.
Clearbanc co-founder and president Michele Romanow is coming to Disrupt SF
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 Val
Investors bet another $50M on Clearbanc’s revenue share model
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 fro
Which type of funding is actually best for your business?
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 seed money through...
Equity transcribed: Funding news round-up, a16z’s future, an upcoming IPO and more Lyft
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 of our wildly popular v
Startups Weekly: US companies raised $30B in Q1 2019
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?
Clearbanc plans to disrupt venture capital with ‘The 20-Min Term Sheet’
The founders of Clearbanc don't want entrepreneurs giving up equity for ad spend.