SoftBank Vision Fund 2 and Intuit helped supply fresh funding for the equity-free capital provider to boost its expansion and broaden its product offering.
Canada-based non-dilutive capital provider Clearco has secured $215m in a funding round led by internet and telecommunications conglomerate SoftBank’s Vision Fund 2 and backed by accounting software provider Intuit.
The round also featured investment firm Park West and Bow Capital, a venture capital partner of University of California. It brought the company’s overall equity funding to $385m.
Founded in 2015 as Clearbanc, Clearco offers financing products dedicated to e-commerce, mobile apps and software-as-a-service providers, including equity-free investments between $10,000 and…
