Michele Romanow, who Co-Founded the company seven years ago, has moved from the role of President to CEO.
In Brief:
Co-Founder Andrew D’Souza moves from the CEO role to Executive Chairman.
Clearco offers a range of performance financing products and services for founders.
It uses data science to identify high-growth funding opportunities to invest in.
What does this mean?
Over the past seven years, Clearco has invested $2.5bn into over 5,500 companies, focusing on small businesses across the US, Canada, UK, Australia and the Netherlands.
In a LinkedIn post announcing the move, Romanow said: “Founders all around the world need Clearco and what we provide. There’s so much to do to level the playing field and support entrepreneurs who are driving change to build a better world for our future generations.” She added that Clearco is a very different company to the one she and D’Souza founded.
D’Souza added that the company’s mission is to fund one million founders across the world, and that he will remain the “external face” of the company, while working on long term strategy, fundraising, strategic partnerships and more.
