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New Deal


Announced

Completed

Oak HC/FT led a $100m Series C round in Clearco.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Private

Acquisition

Cross Border

Single Bidder

Canada

Venture Capital

Friendly

Minority

lending firm

Financial Data and Systems

Private Equity

Synopsis

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Oak HC/FT, a venture and growth equity investment firm, led a $100m Series C round in Clearco, a provider of capital solutions for e-commerce, mobile apps, and SaaS founders. New investors include Founders Circle and executives from Stripe, Square, Affirm, Adyen, Robinhood, Betterment, Airbnb, Hubspot, AirWallex and Apple. "With $2bn deployed to more than 4.5k founders, we've proven that we can find and fund entrepreneurs using machine learning and AI in a much more egalitarian way, and we're gratified that the investment community sees that," Andrew D'Souza, Clearco Co-Founder and CEO.

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