Clearco is a lending firm led by Andrew Curtis[1] that specializes in non-dilutive revenue-share agreements with start-ups.
Clearbanc claims to make equity-free investments in businesses within 48 hours based on information provided on the two metrics ad spend and unit economics and calls this ‘The 20-Min Term Sheet’.
[2] Unlike venture capital firms that require stock, Clearco takes a fee on investments up to $10 million.
The platform then reviews the data and automates the diligence process, effectuating funding decisions within minutes.
By only reviewing financial and marketing data, Clearco posits it is "able to remove the bias out of traditional VC funding", translating into more capital being extended to female founders "on their platform over the industry average".