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Digital Commerce Investor Clearbanc Rebrands to Clearco, Company Announces $100M in New Series C Equity Funding

Digital Commerce Investor Clearbanc Rebrands to Clearco, Company Announces $100M in New Series C Equity Funding April 21, 2021 @ 9:41 pm By Omar Faridi Clearbanc, a leading digital commerce investor and the company “revolutionizing the way founders grow their businesses,” revealed on Tuesday (April 20, 2021) that it will be rebranding. The company also announced a $100 million in new Series C equity funding to support its ongoing growth plans, bringing the firm’s valuation to nearly $2 billion. As mentioned in a release: “To reflect its evolution from a source of efficient capital for founders to a broader platform of growth products and services, the company is rebranding as Clearco. With proprietary algorithms that are gender-, race-, and region-agnostic, Clearco is unique in its commitment and ability to fuel entrepreneurship outside of traditional networks and regions.”

Clearbanc Rebrands to Clearco, Raises in US$350M in Series C and Debt

Clearbanc Rebrands to Clearco, Raises in US$350M in Series C and Debt
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Clearbanc and Pencil Partner to Help Ecommerce Businesses Grow Using Creative AI

Clearbanc and Pencil Partner to Help Ecommerce Businesses Grow Using Creative AI
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Clearbanc and Pencil partner to help ecommerce businesses grow using creative AI

Press release content from News Direct Corporation. The AP news staff was not involved in its creation. Clearbanc and Pencil partner to help ecommerce businesses grow using creative AI March 17, 2021 GMT News Direct Creative AI company Pencil has partnered with the world’s largest e-commerce investor Clearbanc to provide their customers with the latest innovation in online video advertising, Machine Generated Creative (MGC). These ads can be created in minutes and consistently double return on ad spend for brands. It is anticipated that companies using the Pencil platform will be able to unlock new audiences on Facebook and Instagram and grow revenue faster.

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