Clutch logo — Ditch the dealership. Buy or sell your next car online at cl...

Clutch

Ditch the dealership. Buy or sell your next car online at clutch.ca

Founded 2016 Canada Toronto, Canada 168 employees Corporate Round Total: $396.20M E-Commerce, Retail +1

General Information

Company Name Clutch
Founded Year 2016
Location Canada Toronto, Canada
Employees 168
Industries E-Commerce, Retail, Automotive
Funding Stage Corporate Round
Social

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About Clutch

Clutch is a game-changing online used car retailer in Canada. With its "Ditch the dealership" slogan, Clutch provides a seamless car buying and financing experience. Founded in 2017, the company offers a wide selection of used cars available for online purchase, with the convenience of home delivery and a 10-day Money-Back Guarantee. Additionally, Clutch offers the option to sell or trade in a car with an instant cash offer. Having recently secured a significant $12.20M Venture Round investment on 18 July 2023, Clutch is poised for substantial growth and disruption within the E-Commerce and Retail sectors. This financial injection will likely contribute to the company's expansion and innovation, further solidifying its position as a key player in the online car retail market. With its Canadian headquarters, Clutch is well-positioned to capitalize on the burgeoning trend of digital car purchasing and is a potential opportunity for venture capital firms looking to invest in the future of automotive retail.

Taxonomy: online car retailer, used cars, car buying, car financing, seamless experience, hassle-free, home delivery, money-back guarantee, instant cash offer, car selling, car trading, Canada, automotive, technology

Funding Rounds & Investors (8)

View All
Funding Stage Amount Investors Lead Investors Date
Corporate Round $10.00M 1
iA Financial Group
05 Jul 2024
Venture Round $12.20M -
18 Jul 2023
Series C $95.00M 1
FJ Labs
05 Jul 2023
Debt Financing $150.00M 1
Neuberger Berman Group
10 May 2022
Series B $100.00M 8
Real Ventures, BrandProject +6
16 Nov 2021
Series A $20.00M 3
FJ Labs, Zhejiang Canaan Technology +1
29 Apr 2021
Seed Round $7.00M 5
Real Ventures, Azure Capital Partners +3
23 Jul 2020
Seed Round $2.00M 2
Engage, BrandProject
01 Dec 2018

Clutch Alternatives & Competitors

View All Alternatives
Clutch vs
CarZar.co.za
CarZar.co.za South Africa

An online car buying service, enabling consumers to sell their used vehicle with ease.

Venture round
2 employees
E-Commerce, Automotive
Clutch vs
Spinny
Spinny India

Buy and sell your car the Spinny way. From first search to front door – we’ll help you go further, f...

Venture round
4773 employees
E-Commerce, Trading Platform
Clutch vs
CarDoor
CarDoor Canada

100% Online Car Shopping. No Dealership Required! Buy, Trade & Finance Online. We Deliver.

Seed
19 employees
E-Commerce, Retail

FAQ About Clutch

Ditch the dealership. Buy or sell your next car online at clutch.ca
Clutch was founded in 2016.
Clutch is headquartered in Toronto, Canada.
Clutch operates in E-Commerce, Retail and Automotive. Its work centres on online car retailer, used cars, car buying and car financing.
Clutch has approximately 168 employees.
Clutch has completed 8 funding rounds, raising a total of $396.20M. The latest funding stage is Corporate Round.
Top alternatives and competitors to Clutch include CarZar.co.za, Spinny, CarDoor, SellAnyCar.com, AutoScout24. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Clutch and CarZar.co.za are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Clutch, https://bouncewatch.com/company/clutch-2, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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