Upper90

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Freshly funded Clearbanc lands $67 mln more from Upper90

Clearbanc, a Toronto-based provider of marketing capital for e-commerce brands, has raised about $67 million (US$50 million) in follow-on financing. The investment was made by Upper90, the fund of Grubhub Co-founder Jason Finger. It comes on the heels of Clearbanc's initial financing /canada/2018/11/e-commerce-marketing-funder-clearbanc-raises-92-mln-in-vc/ of about $94 million (US$70 million) last month, backed by 12 Canadian and U.S. venture capital firms. Founded in 2015 by CEO Andrew D’Souza and President Michele Romanow, Clearbanc reports more than 1,000 companies have approached it in the past four weeks, representing capital demand of up to $1 billion. Deploying over $100 million this year, Clearbanc plans to launch new products, secure new partnerships, and expand globally in 2019.

Upper90 contact information

Offices

marker icon269 C South Main Street, Providence, 02903, United States
Showing 1 of 2 Upper90 offices

Contacts

NameJob titleLocationEmail
Key Contact
user imageMr. Gregory Vilkin
Job titlePartner, Chief Financial Officer and Chief Compliance Officer
LocationNew York, United States
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user imageMr. Billy Libby
Job titleManaging Partner, Co-Founder and Chief Executive Officer
LocationNew York, United States
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user imageMr. Jason Finger
Job titleManaging Partner
LocationNew York, United States
Emaillock image-------
user imageMr. William Geist
Job titleManaging Partner
LocationNew York, United States
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Upper90 funds managed

Closed funds: 1

FundFund sizeClose dateStrategy
Fund sizelock image---------
Close dateApr 2021
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Stories that mention Upper90

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Clutch secures C$100m in D1 Capital-led Series B funding

Clutch, a Toronto-based online car retailing platform, has secured C$100 million in a Series B financing, according to a blog post.

Octane Lending rakes in $52m Series D

Octane Lending Inc, a provider of digital products supporting consumers, dealerships, and OEMs, has raised $52 million in Series D funding.

Online car retailer Clutch nabs C$60m, Canaan leads equity deal

Clutch, a Toronto-based online car retailing platform, has secured C$60 million in new financing.

Valoreo picks up $50m

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Thrasio nabs over $100m

Thrasio, an of Amazon third-party private label businesses, has secured over $100 million in funding.

Domio racks up $100 mln Series B

New York-based Domio, a technology-powered apartment-hotel brand, has raised $100 million in Series B funding.

Clearbanc secures $300 mln to fuel e-commerce funding model

Clearbanc, a Toronto-based provider of marketing capital for e-commerce brands, has raised about $300 million in additional financing. The equity portion, reportedly about $50 million, was led by U.S. venture capital firm Highland Capital Partners. General Partner Dan Nova will join the board. Highland was joined by Inovia Capital and Emergence Capital, both of which invested in last year’s combined $120 million financing. The balance of the new round, led by Arcadia Funds and Upper90, will capitalize a fund intended to back Clearbanc’s e-commerce clients.