What is CLEAR?
CLEAR's mission is to establish a universal identity platform that powers trusted experiences, making everyday interactions easier, more secure, and friction-free. With a substantial member base exceeding 20 million and a growing network of global partners, the company is dedicated to providing seamless access through its biometric identification system. CLEAR emphasizes privacy, ensuring members maintain control over their personal information and that data is never sold. The company's commitment to innovation in identity verification is evident in its expansion into diverse environments, from airports to stadiums and medical facilities, solidifying its role as a critical infrastructure provider for secure and convenient access.
How much funding has CLEAR raised?
CLEAR has raised a total of $545.2M across 5 funding rounds:
Unspecified
$1M
Private Equity
$20M
Private Equity
$15M
Other Financing Round
$100M
Share Placement
$409.2M
Unspecified (2012): $1M, investors not publicly disclosed
Private Equity (2015): $20M led by T. Rowe Price Associates, Inc
Private Equity (2017): $15M supported by T. Rowe Price
Other Financing Round (2021): $100M featuring 32 Equity, The Partnership Fund for New York City, and Enlightened Hospitality Investments
Share Placement (2021): $409.2M, investors not publicly disclosed
Key Investors in CLEAR
T. Rowe Price
T. Rowe Price is a global investment management firm founded in 1937, known for managing equity and fixed income funds for a diverse range of clients, including institutional investors and retirement plans. Their investment in CLEAR suggests a belief in the company's long-term growth potential and its role in the future of identity management.
The Partnership Fund for New York City
The Partnership Fund for New York City is a non-profit organization that mobilizes the private sector to support economic growth and innovation within the city. Their investment in CLEAR highlights the company's significance to New York's economic landscape and its potential for creating jobs and fostering technological advancement.
Enlightened Hospitality Investments
Enlightened Hospitality Investments is an investment firm specializing in pooled investment services. While specific details on their focus are limited, their participation in CLEAR's funding round indicates an interest in companies that offer innovative solutions and possess strong market potential.
What's next for CLEAR?
The substantial enterprise-level funding and recent strategic investment signal a pivotal phase for CLEAR, likely focused on scaling its operations and technological advancements. This capital infusion is expected to fuel the expansion of its biometric identity network, potentially integrating with more partners and industries to further embed its platform into daily life. Strategic investments suggest a focus on enhancing existing services and exploring new verticals where trusted identity verification is paramount. CLEAR's trajectory indicates a continued emphasis on privacy-preserving technology and user control, positioning it for sustained growth in the evolving digital identity landscape.
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