What is Clear?
Founded in 2018, Clear specializes in building blockchain-based settlement and clearing networks tailored for global industries. The company's suite of services includes a contract interface, discrepancy analysis, and instant settlement capabilities, aiming to streamline complex financial transactions. Clear's focus on leveraging distributed ledger technology positions it as a key player in the fintech sector, addressing the need for more efficient and transparent financial operations.
How much funding has Clear raised?
Clear has raised a total of $13M across 1 funding round:
Series A
$13M
Series A (2020): $13M with participation from Telekom Innovation Pool of Deutsche Telekom, Telefónica Innovation Ventures, Eight Roads Ventures, Singtel Innov8, and Hong Kong Telecom
Key Investors in Clear
Eight Roads Ventures
Eight Roads Ventures is a global venture capital firm that invests in growth-stage technology and healthcare companies. Their investment in Clear suggests a focus on innovative financial infrastructure solutions.
Singtel Innov8
Singtel Innov8 is the corporate venture capital arm of Singtel, focusing on investments in emerging technologies and innovative startups. Their participation indicates an interest in the intersection of telecommunications and blockchain-based financial services.
Telekom Innovation Pool of Deutsche Telekom
Telekom Innovation Pool of Deutsche Telekom is an investment arm focused on fostering innovation within the telecommunications sector. Their backing of Clear highlights a strategic interest in next-generation financial settlement technologies.
What's next for Clear?
The recent major strategic investment signifies a pivotal moment for Clear, likely enabling the company to accelerate its product development, expand its market reach, and further enhance its blockchain settlement solutions. This capital infusion is expected to bolster Clear's capacity to serve large enterprises seeking to modernize their financial clearing and settlement processes, potentially leading to broader adoption of its innovative technology in the global financial ecosystem.
See full Clear company page
