Clearbanc is the world’s largest e-commerce investor. They provide fast affordable funding for e-commerce brands around the world. They specialise in non-dilutive revenue-share agreements with start-ups and are known for their "20-minute term sheet", offering equity-free investments in companies. Its proprietary AI system connects to a potential client's payment, ad and e-commerce platforms to analyse the business' financial health and revenue.
Headquartered in Canada, they have only recently expanded into the Australian market and have chosen Urbotanica as one of their initial Australian clients. They provide non-dilutive growth capital upfront to fuel advertising and marketing spend or inventory development.
Urbotanica is the maker of Australia’s smartest indoor garden - the UrbiPod and is focused on creating intelligent, sustainable solutions for home grown food.
Announcing the investment, Urbotanica Managing Director Ray Hart stated:
“This backing from Clearbanc is a real vote of confidence in the brand and company, especially since they have only recently started investing in the Australian market. This non – dilutive growth capital will support increased marketing & brand awareness activity to drive sales. We are delighted to have them supporting us with growth funding”