A new service is now on offer from fintech Clearbanc, which will answer the age-old question of “How Much is My Company Worth?” The new Valuation tool, a project that the company has kept under wraps for the last two years, is seen as an important extension of the existing platform and will allow founders to know the value of their company within 24 hours.
This will then give them the option to access growth capital, connect with investors to raise an equity round, and even explore potential acquisition opportunities. What’s more, founders can also track how their valuation changes week over week based on the performance of the business.
Valuation uses AI and leverages an extensive data infrastructure to analyze a company’s position in the market, revenue trajectory, and potential for growth alongside competitors in the vertical.
Clearbanc has invested already over $1 billion in more than 2,800 companies, with thousands of companies already connected to Valuation. The combined total value of the companies on the platform is over $32 billion, and Clearbanc has already connected over 60 companies with VC investors.
“Determining what your company is worth has always been a mystery for most founders,” said Andrew D’Souza, Co-Founder and CEO of Clearbanc. “With Valuation, we can empower startups with insights, resources, and connections they need to take their company to the next level.”
Co-founded in 2015 by Michele Romanow from Canada’s Shark Tank (Dragons’ Den), Andrew D’Souza, Ivan Gritsiniak, Charlie Feng, and Tanay Delima, Clearbanc offers some of the most founder-friendly capital solutions for ecommerce, mobile apps and SaaS founders.
The company’s data-driven approach removes the intrinsic bias of venture capital, by letting a company’s data do the pitching, delivering term sheets in under 20 minutes and funding in less than 24 hours. To date, Clearbanc has funded 8x more female founders than the industry average, and more than 2,800 founders spanning all 50 states have used Clearbanc to grow their businesses.
“Thanks to their Valuation dashboard, insights, and VC introductions, Clearbanc has been instrumental in raising our Series B. Through Clearbanc’s VC Partner Program, I was able to connect with 10+ tier one investors, saving me 6+ months of networking,” said Katherine Homuth, CEO & Founder of Sheertex. “They’ve become a trusted advisor not only with capital, but with valuable insights to help us scale and stay ahead in our industry.”