The best way to buy a car

clutch.ca

Investment

Seed

Year

2018

Status

Active

Category

Consumer Tech

Dan Park
CEO

Stephen Siebel
Founder & President

Clutch is transforming the way Canadians buy used cars, making the process simple, cost-efficient, and stress-free. Customers can browse Clutch’s curated inventory online, get pre-approved for financing, and have their vehicle delivered directly to their door, backed by a 10-day money-back guarantee. Every car passes a rigorous 210-point inspection and pricing is fixed and transparent. No haggling, no games, no surprises.

The company was founded by Stephen Seibel, who launched Clutch after a firsthand encounter with how broken the used car buying experience was, convinced that transparency, trust, and technology could build something Canadians actually deserved. Dan Park, former head of Uber Eats Canada, joined as CEO in 2019 to scale it nationally.

BrandProject led Clutch’s pre-seed round in 2018, also participating in the seed, Series A, and B.

“BrandProject's hands-on approach was critical in helping us refine our value proposition, establish strong operating discipline, and help us reach the pivotal Series A milestone. Ultimately, the foundation they helped us build early on allowed us to scale to hundreds of millions of dollars in revenue. They were our first institutional investor, and they've continued to be supportive in each of our subsequent rounds.”

– Dan Park, CEO

In the News

TechCrunch

Online car buying platform Clutch wants to service 90% of Canadians by end of 2023

The Globe & Mail

Stepping on the gas: Canadian online car selling platform Clutch secures $60-million to build national platform

Newswire

Clutch launches in Toronto to make buying a car as easy as getting an Uber

All Portfolio News