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Canada Drives Raises $100M To Bring Online Car Purchasing And Delivery Experience Across Canada

Aug 18, 2021almost 4 years ago

Amount Raised

$100 Million

Vancouver

Description

Canada Drives, Canada’s largest 100% online car shopping and to-your-door delivery platform, announced today the close of $100M in funding, led by Jeffrey Housenbold’s Honor Ventures with participation from KAR Global and other strategic investors. The investment will be used to further expand Canada Drives service across Canada to new markets.

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