Total amount raised
$41 Millions
Latest funding date
04/01/2023
Location
Clerkie has successfully raised funds through multiple rounds, with the latest being a Series A round closed on April 18, 2023. The company has garnered support from 10 investors, including Left Lane Capital and TruStage Ventures.
Clerkie's platform leverages AI and machine learning to offer a full-service automation solution for debt repayment and financial management. Keep reading to explore the intricacies of Clerkie's fundraising journey and the investors backing this innovative platform.
What Is Clerkie?
Clerkie, founded in 2018 by Guy Assad and Sebastian Wigstrom, is a San Francisco-based company operating in the fields of Artificial Intelligence, Finance, FinTech, and Machine Learning. The company employs between 11 and 50 people.
Clerkie offers a full-service automation platform for debt repayment and optimization, leveraging machine learning and human expertise to maximize returns and collections. The platform provides smart payment experiences, AI-driven repayment strategies, real-time reporting, and easy integration with existing systems, all while ensuring data security and compliance.
How Much Funding Has Clerkie Raised?
- Pre-Seed Round
- Amount Raised: $2M
- Date: May 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the core technology and prove the concept of Clerkie's financial automation platform.
- Seed Round
- Amount Raised: $6M
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch the initial version of Clerkie's platform during the pandemic.
- Series A Round
- Amount Raised: $33M
- Date: April 2023
- Lead Investors: Left Lane Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow the engineering team and rapidly scale the company's debt workout solutions to support more partners and help more borrowers.
Total Amount Raised: $41M. Current Valuation: Not publicly disclosed.
Key Investors
- Left Lane Capital
- Details: Left Lane Capital is a New York-based global venture capital and growth equity firm founded in 2019. They invest in internet and technology companies with a consumer orientation.
- Investment Focus Areas: Internet and technology companies, consumer technology, fintech.
- Notable Investments: GoStudent, M1 Finance, MasterClass.
- Wellington Management Company
- Details: Wellington Management Company is a private, independent investment management company. They manage a broad range of asset classes, including equities, fixed income, and alternative assets.
- Investment Focus Areas: Equities, fixed income, alternative assets.
- Notable Investments: Airbnb, SpaceX, Robinhood.
- Flourish Ventures
- Details: Flourish Ventures is a venture firm that invests in entrepreneurs whose innovations help people achieve financial health and prosperity. They focus on financial inclusion and economic opportunity.
- Investment Focus Areas: Financial health, economic opportunity, financial inclusion.
- Notable Investments: Aspiration, Chime, Propel.
- Citi Ventures
- Details: Citi Ventures is the venture capital arm of Citigroup. They invest in high-impact startups, particularly in financial services and technology.
- Investment Focus Areas: Fintech, data analytics, enterprise solutions.
- Notable Investments: Betterment, Plaid, Square.
- CMFG Ventures
- Details: CMFG Ventures is the venture capital entity of CUNA Mutual Group. They focus on strategic investments in financial technology and insurance technology.
- Investment Focus Areas: Fintech, insurtech, financial services.
- Notable Investments: CuneXus, ForeverCar, SmartAsset.
What's Next for Clerkie?
Clerkie stands at the cusp of a significant opportunity to revolutionize the consumer debt market. With tens of millions of Americans struggling with debt, the platform's AI-driven solutions can help both consumers and creditors manage debt more responsibly. The potential to modernize legacy banking systems and provide personalized debt guidance positions Clerkie for substantial growth.
Future fundraising opportunities appear promising, especially given the successful Series A round. As the need for effective debt management solutions grows, Clerkie could attract further investments to scale its operations and expand its market reach. However, challenges such as navigating regulatory complexities and ensuring the reliability of their AI algorithms remain.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Clerkie and gather other critical business insights.
Sign up for free to start making data-driven decisions and stay ahead of the competition.
