Simply put, there’s no roadmap for business owners right now. The economic crisis brought on by COVID-19 has created an overwhelming amount of uncertainty for founders, so we’re releasing Runway, a new tool with insights and funding options to help navigate this time. We’re also committed to helping as many businesses as possible, and are opening funding to B2B companies to help convert MRR to ARR.
Introducing Runway: Insights and Funding for B2B Companies and Online Brands
Runway analyzes a business’s cash burn and cash on hand to offer founders flexible, equity-free cash injections to help founders sustain operations.
The new tool assesses a company’s current business metrics, including cash balance, overhead, revenue, margin, growth rate and industry segment, and uses Clearbanc’s proprietary AI platform to predict a company’s financial runway. The platform then creates a custom funding plan with investment to help founders extend their existing capital and maintain momentum.
According to data from Pitchbook, venture capital deal volume is projected to slow dramatically in the coming months as economies reel from the impact of the novel coronavirus. Businesses everywhere have been forced to pull back on growth and now have a sharp focus on burn and runway.
“It’s been hard to know where to start or what kind of growth is even possible is this climate,” Theresa DeMarco, Founder of District 5 Boutique and Clearbanc customer. “Clearbanc’s funding really helps us map a trajectory to see this through, and a runway tool only adds to those insights and helps us make better business decisions.”
Clearbanc is working around the clock (remotely, of course) to help founders no matter how big or small. We’ve already invested in more than 2,200 online brands across all 50 states in the US, and backed 8X more female-founded companies than traditional VC. We want to help many more. If there’s anything we can do, or any other resources we can share, please let us know.
For more information on Clearbanc or to see if you qualify for Runway, please visit: runway.clearbanc.com
