About Clutch
Clutch is a company based in Halifax (Canada) founded in 2016 by Stephen Seibel.. Clutch has raised $167.15 million across 8 funding rounds from investors including Neuberger Berman, FJ Labs and Canaan. The company has 196 employees as of December 31, 2024. Clutch operates in a competitive market with competitors including CarGurus, Copart, AutoTrader.ca, Canada Drives and CarDoor, among others.
- Headquarter Halifax, Canada
- Employees 196 as on 31 Dec, 2024
- Founders Stephen Seibel
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$167.15 M (USD)
in 8 rounds
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Latest Funding Round
$40.39 M (USD), Series C
Jan 03, 2025
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Investors
Neuberger Berman
& 10 more
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Employee Count
196
as on Dec 31, 2024
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Funding Insights of Clutch
Clutch has successfully raised a total of $167.15M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $40.39 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series C — $40.4M
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First Round
First Round
(01 Mar 2020)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series C - Clutch | Valuation |
investors |
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| Jun, 2024 | Amount | Series B - Clutch | Valuation |
investors |
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| Jul, 2023 | Amount | Series B - Clutch | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Clutch
Clutch has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Neuberger Berman, FJ Labs and Canaan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Secondary market fund focused on LP and direct secondary transactions
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to Canadian technology startups by Real Ventures.
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Founded Year | Domain | Location | |
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Seed and early-stage tech startups are invested in by Upper90.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Clutch
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Clutch
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Clutch Comparisons
Competitors of Clutch
Clutch operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CarGurus, Copart, AutoTrader.ca, Canada Drives and CarDoor, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Automotive vehicle listings are managed via an app-based platform.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Used vehicles are listed on a Canadian online portal.
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| domain | founded_year | HQ Location |
Automotive financing and dealers are connected to users online.
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| domain | founded_year | HQ Location |
Automobiles are retailed by CarDoor in Toronto, Canada.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Clutch
Frequently Asked Questions about Clutch
When was Clutch founded?
Clutch was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Clutch located?
Clutch is headquartered in Halifax, Canada. It is registered at Halifax, Nova Scotia, Canada.
Who is the current CEO of Clutch?
Dan Park is the current CEO of Clutch.
Is Clutch a funded company?
Clutch is a funded company, having raised a total of $167.15M across 8 funding rounds to date. The company's 1st funding round was a Series B of $12.2M, raised on Mar 01, 2020.
How many employees does Clutch have?
As of Dec 31, 2024, the latest employee count at Clutch is 196.
What does Clutch do?
Clutch was founded in 2016 in Halifax, Canada, and operates in the used car sector. Cars are acquired from private owners, reconditioned, verified, and tested before online sales. A platform is provided for individuals to list vehicles for sale or browse and buy from other sellers. Guarantee and return programs are included in the services offered.
Who are the top competitors of Clutch?
Clutch's top competitors include CarGurus, Copart and AutoTrader.ca.
Who are Clutch's investors?
Clutch has 11 investors. Key investors include Neuberger Berman, FJ Labs, Canaan, Azure Capital Partners, and D1capitalpartners.com.