Clutch cuts staff to extend runway, citing market conditions
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Layoffs spread to Clutch, Canada Drives as online auto marketplaces gear down

Clutch cut approximately 65 percent of its staff. As Canada’s tech layoffs continue apace, the on-demand used car industry is facing its own crunch….

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Canada Drives fuels up with $10 million extension to support growth amid economic headwinds
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Canada Drives fuels up with $10 million extension to support growth amid economic headwinds

Despite scaling back hiring, co-CEO says Canada Drives is in “a strong position.” Vancouver-based online used vehicle retailer Canada Drives has secured an additional…

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Canada Drives
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Goeasy plans to leverage its LendCare acquisition with online car sales startup Canada Drives

Financial services company makes $40 million equity investment, joins Canada Drives’ board. Financial services company goeasy is making a $40 million minority equity investment…

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