Clearbanc rebrands as Clearco, raises $100 Million

TORONTO – The company formerly known as Clearbanc raised an additional $100 million in Series C equity funding, bringing its total valuation close to $2 Billion. The New York and Toronto based company, now officially Clearco, has rebranded itself to include its expanded business interests. The company also received US$250M of debt from Credigy. It intends to […]

The man behind Wework; Adam Neumann? Part 2

Exponential Growth Wework grew from one office in 2010 to 52 offices in 2015, and then exponentially to 500+ offices in 32 countries – with over 100 in New York alone in 2019. Between 2016 and 2017, WeWork’s revenue grew from $436M to $886M. In 2018, revenue swelled to $1.8B, marking a second straight year […]

The man behind Wework; Adam Neumann? Part 1

Much has been said about Wework and its cofounder, Adam Neumann. He is the larger-than-life cofounder of Wework, with around 500 plus locations worldwide – known for being involved with controversial figures and making employees take shots of tequila at work. In the latest turn of events, he was forced to resign as the CEO […]