Clutch raises C$50 million in Series D funding

On February 11, 2025, Clutch Technologies Inc. (“Clutch”) announced that it raised C$50 million in an oversubscribed Series D financing round, which raised the company’s valuation to more than C$575 million.

The financing was led by Altos Ventures, with backing from new investors Industry Ventures and BMO Capital Partners, as well as participation from returning investors Flight Deck Capital and FJ Labs.

Proceeds from the financing will fuel Clutch’s continued geographic expansion, support the construction of new vehicle reconditioning facilities and help grow its inventory to meet the increasing demand from Canadian car buyers.

Further information on the financing can be found at blog.clutch.ca.

Clutch is the first and largest online retailer for cars in Canada, delivering a seamless, hassle-free car buying and financing experience to drivers everywhere.

Altos Ventures is a technology venture capital firm based in Silicon Valley.