ClearEstate, a platform that supports executors and planners by streamlining tasks and professional services related to estate planning and settlement, secured a $13.25 million Series A funding round, led by a prominent Canadian institutional investor, OMERS Ventures.
Following this latest fundraise, ClearEstate’s growth trajectory will focus on extensive recruitment in both the US and Canada, as the company seeks empathetic, diligent, and forward-thinking software engineers, full-stack web developers, estate professionals, and web sales and marketing specialists. All roles are expected to be remote.
Company: ClearEstate Technologies Inc.
Raised: $13.25M
Round: Series A
Funding Month: February 2022
Lead Investors: OMERS Ventures
Additional Investors:
Company Website: https://www.clearestate.com/
Software Category: Estate Settlement
About the Company: Founded in 2020, ClearEstate provides help and guidance to executors by acting as a one-stop-shop for all estate-related services. ClearEstate is a family finance hub that can save executors approximately 120 hours of their time and $8,500 in fees. An average North American estate settlement will cost families about $10,000. Adding to the burden is the probate process upon the death of a family member, which is most complex for the executor. They are responsible for completing a series of mandatory administrative tasks that Gauthier has described as “being audited by the IRS every month for 18 months,” the typical length of the process. ClearEstate’s mission is to demystify the responsibilities of an estate executor and help you get through this process as painlessly and efficiently as possible.
Source: https://www.clearestate.com/media/clearestate-secures-13-25m-series-a-led-by-omers-ventures