Michele Romanow from Canadian Dragons’ Den Talks To Us About Her Latest Investment Venture: Clearbanc

Clearbanc is the largest eCommerce investor in the world. We launched in the UK in October, and we鈥檒l invest 拢500m growth capital in British startups. To date, we鈥檝e invested 拢30m in over 250 UK startups across the country during our beta.

We pioneered a new alternative for funding by leveraging data and machine learning technology, giving UK startups access to a fast and fair alternative to venture capital through revenue-share agreements. Founders simply connect their revenue and marketing accounts with Clearbanc鈥檚 APIs and get funding offers from 拢10,000 to 拢10million in only 20 minutes. We鈥檝e already invested more than $1B into 3,300+ startups globally, and this is our first launch outside of North America.


Growth Capital For Online Businesses | Clearbanc

How did you come up with the idea for the company?


I鈥檝e been a Dragon on Canadian Dragons鈥 Den for 6 seasons now, and I kept seeing all these entrepreneurs give away huge portions (30-50%) of their company to fund repeatable growth like paying for ads on Facebook and Instagram. That鈥檚 a bad deal for startups. Founders shouldn鈥檛 be giving up equity, the most expensive way to fund things that are repeatable. So we created something new.

Clearbanc offers a fundraising alternative. For fast-growing businesses with positive unit economics, we offer funding in exchange for a revenue share of a company鈥檚 earnings until it鈥檚 paid back. We鈥檙e able to back companies in a matter of days versus months or years through traditional venture capital or banks. By using data to make funding decisions, we鈥檝e backed eight times more women than the venture capital industry average. We鈥檙e here to help millions of people with great ideas that didn鈥檛 go to the 鈥渞ight鈥 schools or have the 鈥渞ight鈥 connections to the VC world.

What advice would you give to other aspiring female entrepreneurs?


The best advice I can give to any female entrepreneur is to start now. There is never a perfect time to start. If you have an idea that you鈥檙e passionate about, you should start testing it in your free time to see if it works. If you can鈥檛 find the time, is it really something you want to pursue? Don鈥檛 use your day job as an excuse. People are always saying 鈥淚鈥檓 planning and I鈥檓 researching 鈥︹ when in reality, the window of opportunity always closes, especially with small startups.

Another key advice for women is to separate the problems in society from their business. The only thing you can control is your mindset. As a female founder, if you get a 鈥渘o鈥 or 鈥渘ot right now鈥, dust yourself off and pitch more. When I started at 21, I wasn鈥檛 sure why I was getting rejected. Was it because I鈥檓 a woman? Too young? Or that I didn鈥檛 know what I was talking about?

All of those things were true! I didn鈥檛 spend time thinking about it and just focused on pitching more.

What can we hope to see from Clearbanc in the future?


Capital is the biggest barrier to starting and growing your company, but this is just the start. We鈥檙e building products for every founder, whether that鈥檚 different kinds of funding like marketing and inventory, to a Valuation dashboard and data platform so you can see how your business is doing in real time compared to your peers and competitors. It鈥檚 the entrepreneurs that are solving the world鈥檚 biggest problems and we鈥檙e betting on them and removing the barriers to success. And the UK is just the beginning for us, we want to help entrepreneurs build a global business from anywhere, so stay tuned for more.