Canada Drives Overview

  • Year Founded
  • 2010

Year Founded

  • Status
  • Private

  • Employees
  • 700

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $38.6M

  • Investors
  • 5

Canada Drives General Information

Description

Developer of an online car purchasing platform designed to provide an easy way to buy or sell cars in Canada. The company's platform connects people with vehicle dealers and financing options and provides them with an extensive inventory of certified used cars and also connects them with a local dealership that will show cars they already qualify for, saving time and avoiding any stress, enabling customers to easily purchase their required vehicle through a seamless car-buying method.

Contact Information

Website
www.canadadrives.ca
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • Two Bentall Centre, 555 Burrard Street
  • Suite 600
  • Vancouver, British Columbia V7X 1M8
  • Canada
+1 (888)
Primary Industry
Automotive
Other Industries
Information Services (B2C)
Vertical(s)
Mobility Tech
Corporate Office
  • Two Bentall Centre, 555 Burrard Street
  • Suite 600
  • Vancouver, British Columbia V7X 1M8
  • Canada
+1 (888)

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Canada Drives Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Later Stage VC 01-Sep-2022 $38.6M Completed Generating Revenue
3. Later Stage VC (Series B) 18-Aug-2021 Completed Generating Revenue
2. Later Stage VC (Series A) 01-Jan-2019 $74.2M $74.2M Completed Generating Revenue
1. Angel (individual) Completed Startup
To view Canada Drives’s complete valuation and funding history, request access »

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Canada Drives Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an online car purchasing platform designed to provide an easy way to buy or sell cars in Canada. The compan
Automotive
Vancouver, Canada
700 As of 2023

Saskatoon, Canada
 

Toronto, Canada
 
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Canada Drives Competitors (7)

One of Canada Drives’s 7 competitors is Curbie, a Venture Capital-Backed company based in Saskatoon, Canada.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Curbie Venture Capital-Backed Saskatoon, Canada
Clutchs Venture Capital-Backed Toronto, Canada
Shift Technologies Formerly VC-backed San Francisco, CA
Cazoo Private Equity-Backed Richmond, United Kingdom
Vroom (Houston) Private Equity-Backed Houston, TX
You’re viewing 5 of 7 competitors. Get the full list »

Canada Drives Signals

Growth Rate

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Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Canada Drives Investors (5)

Investor Name Investor Type Holding Investor Since Participating Rounds
Goeasy Corporation Minority
Honor Ventures Venture Capital Minority
OPENLANE (Media and Information Services (B2B)) Corporation Minority
Accolade Partners Fund of Funds Minority
Anthos Capital Venture Capital Minority
To view Canada Drives’s complete investors history, request access »

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Canada Drives FAQs

  • When was Canada Drives founded?

    Canada Drives was founded in 2010.

  • Where is Canada Drives headquartered?

    Canada Drives is headquartered in Vancouver, Canada.

  • What is the size of Canada Drives?

    Canada Drives has 700 total employees.

  • What industry is Canada Drives in?

    Canada Drives’s primary industry is Automotive.

  • Is Canada Drives a private or public company?

    Canada Drives is a Private company.

  • What is Canada Drives’s current revenue?

    The current revenue for Canada Drives is .

  • How much funding has Canada Drives raised over time?

    Canada Drives has raised $153M.

  • Who are Canada Drives’s investors?

    Goeasy, Honor Ventures, OPENLANE (Media and Information Services (B2B)), Accolade Partners, and Anthos Capital have invested in Canada Drives.

  • Who are Canada Drives’s competitors?

    Curbie, Clutchs, Shift Technologies, Cazoo, and Vroom (Houston) are some of the 7 competitors of Canada Drives.

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