Clearbanc Creates New Model For Funding Entrepreneurs, Closes $70M Investment from Top Silicon Valley VCs

Clearbanc, a company that funds marketing for fast-growing ecommerce brands, at Techonomy today announced it has closed a¬†$70M USD¬†investment from a group of investors including Emergence Capital, Social Capital, CoVenture, Founders Fund, 8VC, iNovia Capital, Real Ventures, Portag3, Precursor, WTI, Berggruen, and FJ Labs. Emergence Capital Partner Santi Subotovsky will join the company’s board of directors. The company was founded in 2015 by serial entrepreneurs and angel investors¬†Andrew D’Souza¬†and¬†Michele Romanow, who is also a Dragon...

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