What is CLEAR?
CLEAR's mission is to create frictionless experiences by serving as a universal identity platform. With a substantial member base exceeding 20 million and an expanding network of global partners, CLEAR aims to power trusted experiences. The company's technology facilitates easier, more secure, and friction-free interactions whether individuals are traveling, attending events, visiting healthcare providers, or using their mobile devices. CLEAR emphasizes privacy, ensuring members maintain control over their information and that their data is not sold. The company's commitment to privacy and user control is a cornerstone of its operational philosophy.
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 The Partnership Fund for New York City, 32 Equity, and Enlightened Hospitality Investments
Share Placement (2021): $409.2M, investors not publicly disclosed
Key Investors in CLEAR
T. Rowe Price Associates, Inc
T. Rowe Price Associates, Inc. is a prominent investment management firm founded in 1937, offering services to a diverse clientele including individuals and institutional investors. They specialize in managing equity and fixed income mutual funds, investing across global markets.
The Partnership Fund for New York City
The Partnership Fund for New York City is a nonprofit organization that mobilizes the private sector to foster economic growth and innovation in New York City. It collaborates with government and civic entities to address urban challenges and promote economic inclusion.
Enlightened Hospitality Investments
Enlightened Hospitality Investments is an investment firm based in New York City, New York, specializing in pooled investment services within the hospitality sector.
What's next for CLEAR?
The substantial enterprise-level funding and recent strategic investment indicate CLEAR is poised for significant expansion and further development of its identity verification technology. This capital will likely fuel the enhancement of its platform, enabling broader integration across more industries and use cases. The company's focus on frictionless and secure experiences positions it to capitalize on the increasing need for digital identity solutions in a post-pandemic world. Future growth may involve strategic partnerships and technological advancements to solidify its position as a leader in the identity verification market.
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