What is ClearStar?
With over 25 years of experience, ClearStar has established itself as a leader in background and medical screening technology. The company develops innovative products designed to assist businesses in making more informed hiring decisions. Its comprehensive suite of screening solutions caters to a wide range of industries, ensuring compliance and mitigating risk for employers. ClearStar's sustained presence in the market highlights its adaptability and commitment to providing robust, reliable screening services.
How much funding has ClearStar raised?
ClearStar has raised a total of $21.1M across 3 funding rounds:
Stock Offering
$15.1M
Debt
$5M
Debt
$1M
Stock Issuance/Offering (2014): $15.1M, investors not publicly disclosed
Debt (2017): $5M led by Silicon Valley Bank
Debt (2020): $1M supported by PPP
Key Investors in ClearStar
Silicon Valley Bank
Silicon Valley Bank, a financial institution established in 1983, offers a comprehensive suite of banking and financial services. It specializes in supporting technology and innovation-driven companies, providing commercial and private banking, asset management, and investment services.
What's next for ClearStar?
The recent major strategic investment signals ClearStar's ongoing commitment to scaling its operations and enhancing its technological capabilities. This capital infusion is likely to be directed towards expanding its product offerings, strengthening its market position, and potentially exploring new strategic partnerships. As ClearStar continues to evolve in the competitive background screening landscape, this funding will be instrumental in driving its next phase of growth and solidifying its role as a key innovator in HR technology.
See full ClearStar company page
