Clutch Technologies Inc.
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Clutch Technologies Inc. - overview
Established
2016
Location
Toronto, ON, Canada
Primary Industry
Retail
About
Based in Ontario, Canada, and founded in 2016 by Stephen Seibel, Clutch Technologies Inc. operates an online car retailing platform where customers can search for and buy used cars. In February 2025, Clutch Technologies Inc. raised CAD 50 million in series D funding led by new investor Altos Ventures, with participation from other new investors BMO Capital Partners and Industry Ventures.
Returning investors FJ Labs and Flight Deck Capital also participated in the round. Dan Park is the CEO of Clutch Technologies Inc. Clutch Technologies Inc. provides an online used car selling platform for customers to get a stress-free online car buying experience.
The company's platform has an online inventory of cars along with price tags where customers buy the car and get it home delivered. In addition, the company provides customer advisory to help customers to finalize the paperwork online and arrange home delivery. Clutch Canada gets used cars from private owners and auctions, using data science to get the value of cars. Clutch Technologies Inc.
generates revenue from car prep fee, which is USD 899. Clutch Canada Inc. plans to use its proceeds from February 2025 funding to support the construction of a new facility, accelerate inventory, and expand its market reach.
Current Investors
Tech Square Ventures, BrandProject, Azure Capital Partners
Primary Industry
Retail
Sub Industries
Automobile Dealerships, Web Applications, Search Engines
Website
www.clutch.ca
Verticals
E-commerce
Company Stage
Series D
Total Amount Raised
Subscriber access only
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