Clearco, the revenue-based lending start-up has announced they will be hiring for 125 new positions at their new sales and development hub in Dublin. They are planning on investing 100 million euros into digital-first Irish businesses as they experience growth in their development hub and Dublin sales.
The Dublin office was established to help bolster the firm’s growth strategy throughout Europe, Asia Pacific, and North America this year. The facility has around 75 employees and Clearco is now hoping to add an additional 125.
Originally known as Clearbanc, Clearco provides equity-free capital tools for SaaS and mobile app entrepreneurs and equity-free capital tools for e-commerce. They operate in Ireland but also Australia, the UK, the Netherlands, Canada, and the US.
The business was established by Michele Romanow, former Canadian Dragon’s Den star in 2015 with Andrew D’Souza, Charlie Feng, Ivan Gritsiniak, and Tanay Delima. This past July, the company raised $125 million in a funding round initiated by SoftBank. Some of the other investors include Highland Capital, Oak HC/FT, Emergence, Inovia, and Founders Fund.
The business is now planning to invest 100 million euros into its digital-first Irish businesses in addition to meeting their growth and hiring plans across the country. Their technology combines data science with AI to provide funding to e-commerce businesses that are free of personal guarantees.
It also offers inventory funding and access to a worldwide founder community and valuation and insights tools. The company has invested over $3.2 billion into roughly 7,000 businesses across three continents.