Clearco, the world’s largest e-commerce investor and the company revolutionising the way founders grow their businesses, today announced ambitious international expansion plans supported by two key executive hires.
After launching in the UK last October and the Netherlands last month, Clearco is also planning on rapidly expanding its European footprint and operations. In addition, it plans to start its expansion into Asian Pacific markets by the end of 2021.
The announcement comes on the heels of the company’s Series C capital raise at an almost $2bn valuation, and rebranding from Clearbanc to Clearco.
To accelerate its international expansion plans, Clearco has identified several potentially high-growth markets and added two seasoned executives to its leadership team.
Sarah Clark, who led Paypal’s growth across EMEA and has held senior roles at Barclays Bank, Virgin Group, Sainsbury’s, and British Airways, has joined as UK Head and Clearco’s first international country manager. At Clearco UK, Clark will bolster and expand Clearco’s presence in the United Kingdom, building a stronger brand presence and more meaningful relationships with UK-based founders.
Clark commented: “Since entering the UK market beginning in October 2020, we’ve invested £70M into more than 250 UK companies, including Druids Golf, Safiyaa, and Piglet. I believe every founder building a business in the UK should be working with Clearco and I’m excited to help make that possible.”
“As we look to expand across the globe, we know there are almost 600 million entrepreneurs in the world, who will be fueling the future of the global economy,” said co-founder and CEO Andrew D’Souza.“We believe ultimately that whoever and wherever you are, if you’re a founder building a business, you should be working with Clearco.”