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Toronto’s Clutch wants to be Canada’s largest online used car buying platform and this week raised a $100 million Series B round to help make that happen.
Since 2016, Clutch has been focused on delivering the best customer experience for car buying in Canada. Its fully-vertically integrated business model ensures that each car undergoes a rigorous 210-point inspection and is reconditioned to the highest standard by its team of in-house mechanics.
Clutch saves customers hours of time by avoiding endless trips to the dealership or uncomfortable meetings with strangers in parking lots. The seamless end-to-end online process provides customers with detailed, high-resolution 360° photos of each vehicle, a free instant CarFax report and access to a wide range of financing options without having to leave the comfort of your home.
Finally Clutch offers complete peace of mind with a 10-day money back guarantee so customers can be sure the car fits in the routine of their everyday lives.
With this funding, Clutch plans to make significant investments in growing its rapidly expanding team by over 200 people next year in order to continue delivering the easiest, most transparent and most trusted way to buy a car in Canada.
Recently named one of the Fastest Growing Canadian Companies by the Globe & Mail and one of the Top Canadian Startups by LinkedIn, Clutch is modernizing the car buying experience across Canada.