Clutch Technologies Inc.

https://www.clutch.ca/

Clutch Technologies Inc., operating as Clutch, is a Canadian online used car retailer headquartered in Toronto, Ontario. The company's core business revolves around modernizing the used car market by offering a transparent, efficient, and trustworthy platform for buying and selling pre-owned vehicles. Its mission is to simplify the car buying and ownership experience for Canadians, moving away from traditional dealership models.

Clutch provides a comprehensive online platform where customers can browse and purchase thousands of certified used cars. Key services include online car buying, vehicle trade-ins or sales, financing options, and home delivery. All vehicles undergo a 210-point inspection and reconditioning process, and purchases are backed by a 10-day money-back guarantee. The company also offers various protection plans, including extended warranties.

Led by CEO Dan Park, Clutch is recognized as Canada's largest online used car retailer. The company successfully secured $50 million in Series D funding in February 2025, which helped restore its valuation above its previous peak of $575 million after a challenging period in 2023 that involved a collapsed funding round and layoffs. In 2025, Clutch expanded its physical footprint by opening a flagship facility in Mississauga and a customer hub in Markham, with plans for further growth. By July 2025, the company had surpassed $1 billion in total cars purchased.

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CID: 5870