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Canada Drives Secures $40M Cad In Funding Round From Goeasy

Jun 27, 2022•about 3 years ago

Amount Raised

$40 Million

Vancouver

Description

Today, Canada Drives (“the Company”), Canada’s largest 100% online car shopping and to-your-door delivery platform, announced the close of $40M CAD in equity funding from Canadian company goeasy Ltd. ("goeasy"), one of Canada’s leading non-prime consumer lenders. With the Company operational in British Columbia, Alberta, Ontario and most recently in Saskatchewan, the funding will be used to expand into new provincial markets, grow the available inventory and enhance its digital platform.

Company Information

Company

Canada Drives

Location

Vancouver, Washington, United States

About

Canada Drives is the largest 100% online car shopping and to-you-door delivery platform available in Canada. Customers can shop for certified used vehicles, pay in full or finance, sign all documents and have their vehicle delivered to their doorstep, as quickly as the same day. Through Canada Drives, purchasing a vehicle online saves Canadians time and money, and reduces the stress and pressure often associated with car shopping. Canada Drives has made it possible to shop online for a vehicle with confidence, convenience and ease. To learn more about Canada Drives, visit: canadadrives.ca

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech