Latest / Tearsheet Podcast: Exploring Financial Services Together
'Founders use expensive capital to do something repeatable': Behind ClearCo's funding model
Welcome to the Tearsheet Podcast. I’m Tearsheet editor in chief, Zack Miller. Revenue based financing is quickly becoming a popular route for businesses to tap into needed capital. Structured like a loan and not equity, new financing firms are using this new/old type of financing to help all types of businesses to scale. ClearCo brands itself as the world’s largest ecommerce investor. It’s fresh off of closing its own $100 million equity round, including $250 million debt facility. The company, which rebranded from Clearbanc, has close to a $2 billion valuation and is sharing new data on how…
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