Digital Commerce Investor Clearco Continues to Support Startups with New Fund

Clearco, which claims to be the largest digital commerce investor and the company “revolutionizing” the opportunities for founders to expand their businesses, and Indiegogo, the platform for entrepreneurs to launch new products, announced a $10 million Indiegogo Creators Fund “powered by Clearco to accelerate growth of crowdfunding campaigns.”

The Indiegogo Creators Fund will “allow Indiegogo entrepreneurs to receive a capital advance based on their funds raised to date, allowing them to reinvest, drive further contributions for their crowdfunding campaign and grow their businesses.”

Clearco’s network of founders also have “the ability to fast-track their listings on Indiegogo and leverage the platform to generate sales for new product launches.”

Jonathan Jue, Chief Financial Officer of Indiegogo, stated:

“Our entrepreneurs are introducing some of the most incredible new products into the world and we don’t want access to capital to be a barrier to their success. Clearco has helped fund dozens of Indiegogo campaigns in the past year alone, and we are thrilled to expand this initiative to as many entrepreneurs as possible.”

As a firm whose goal is to unlock the entrepreneurial innovation “being ignored by traditional funding sources,” Clearco sees this collaboration “as an enormous opportunity to fuel founder growth.”

Michele Romanow, CEO of Clearco, remarked:

“Through traditional funding options, thousands of founders aren’t given the capital and opportunity they need to grow their businesses. Often things like social class, gender, race and ethnicity play into whose ideas get funded. Alternative funding models like Clearco and Indiegogo break down these barriers to unleash the entrepreneurial potential that exists in every corner of the world.”

To date, Clearco has invested more than $2.5 million into Indiegogo Entrepreneurs and is pleased to “quadruple this investment over the coming year with the creation of the new fund.”

As part of the establishment of the fund, Clearco will also be “expanding its investment into Indiegogo Creators outside of the US to Canada, Australia and the United Kingdom.”

Stoggles Founder Max Greenberg “experienced the benefits of Indiegogo and Clearco’s collaboration firsthand. As safety and PPE became a pressing concern during the pandemic,”

Stoggles was two days away from “completely running out of budget.”

Clearco stepped in to “provide capital within 48 hours so the company could roll out new marketing initiatives.”

Clearco’s initiative with Indiegogo “gave Stoggles the additional funding they needed to raise $1.3 million in their live campaign, surpassing their goal of $5,000.”

With more than 27,000 backers, Stoggles was able to “launch their business and become the go-to eyewear of thousands of front-line workers in America during a critical time in medicine.”

Clearco also offered mobile power company, Zendure, “a $200,000 advance to support their business strategy. Today, the company’s Indiegogo campaign has reached $1.8 million.”

With capital from Clearco, Zendure is able “to continue their vision of becoming the leading brand in the outdoor clean energy lifestyle market and investing in climate-friendly practices that ensure our planet’s protection.”

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