# Clutch: Information technology & services, Toronto, Canada

> Clutch: Clutch is a Canadian online used car retailer and e-commerce platform based in Toronto, Ontario. Based in Toronto, Canada. Founded 2016.

Source: https://millionrounds.com/startup/clutch-2 (Millionrounds; every figure on the page links to its filing or article)

Canada · [Information technology & services startup](https://millionrounds.com/companies)

# Clutch

Clutch is a Canadian online used car retailer and e-commerce platform based in Toronto, Ontario.

Funding reported Last round: Corporate round

Information technology & services Toronto, Canada

Company summary

- **Founded:** 2016 10 years old
- **Team:** 490 201 to 1,000 people
- **Funding reported:** 370.3M as listed, currency not stated
- **Last round:** Corporate round Jul 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Clutch has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Clutch

Clutch is a Canadian online used car retailer and e-commerce platform based in Toronto, Ontario.

Founded in 2016, Clutch aims to modernize the used car market by enhancing transparency, speed, and trust in the buying process. The company specializes in selling used cars online, allowing customers to browse thousands of vehicles, complete their purchases digitally, and have their cars delivered directly to their homes. Clutch also provides car financing options and offers instant cash for vehicle trade-ins. To ensure customer satisfaction, they include a 10-day money-back guarantee. Clutch focuses on delivering a hassle-free car buying and financing experience, emphasizing convenience, online shopping, home delivery, and strong customer support.

## What company datasets say Clutch raised

Funding, as reported

Reported in all **370.3M** in the source's currency

Rounds **8**

Last round **Corporate round**

Last round size **36.7M**

Last round date **Jul 2024**

Investors listed **14**

## Founders and team

From Clutch's own website: 1 founder, 3 on the team.

**Stephen Seibel** Founder & President

- **Dan Park** Chief Executive Officer
- **Anshul Ruparell** Chief Financial Officer
- **Richard Ball** Chief Production Officer

## On 5 portfolio pages

Investors who name them

- [True North Fund](https://millionrounds.com/fund/true-north-fund)
- [Real Ventures](https://millionrounds.com/fund/real-ventures)
- [Engage](https://millionrounds.com/fund/engage)
- [Feldsmith Capital](https://millionrounds.com/fund/feldsmith-capital)
- [Rep Matters Angel Network](https://millionrounds.com/fund/rep-matters-angel-network)

Each firm lists Clutch on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

certified vehicle inspection consumers vehicle delivery service car trade-in and selling online car marketplace auto finance technology eco-friendly initiatives broad canadian market information technology & services fully digital car buying experience financial services used car promotions online car selling finance online used car retailing environmental sustainability

Built with from their website

GitHub Actions Docker Git Amazon SES Amazon CloudFront Tableau Salesforce CRM Analytics PWA TypeScript Adobe After Effects

+8 more

Google Workspace Gem Viewport Meta Apple iPad Google Drive Terraform Amazon Simple Email Service Hubspot

- **Sector:** Information technology & services
- **Industry code:** NAICS 441120, SIC 5511
- **Region:** Ontario
- **Part of:** Dealer.com
- **Revenue:** 279M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/clutch-4607a1cd0c)

## Information technology & services in Canada

Startups like it

- [**Cohere** Toronto · founded 2019 *Raised*](https://millionrounds.com/company/cohere)
- [**Hopper** Montreal · founded 2007 *Raised*](https://millionrounds.com/company/hopper)
- [**Top Hat** Toronto · founded 2009 *Raised*](https://millionrounds.com/company/top-hat)
- [**neuvoo** Montreal · founded 2011 *Raised*](https://millionrounds.com/company/neuvoo)
- [**TrackTik** Montreal · founded 2010 *Raised*](https://millionrounds.com/company/tracktik)
- [**Elastic Path** Vancouver · founded 2000 *Raised*](https://millionrounds.com/company/elastic-path)
- [**Benevity** Calgary · founded 2008 *Raised*](https://millionrounds.com/company/benevity)
- [**gaiia** Montreal · founded 2023 *Raised*](https://millionrounds.com/company/gaiia)

## Is this your company?

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