Canada Drives
Finance · Canada · 501-1,000 Employees
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Overview
Headquarters
Suite 600 Two Bentall Centre 555 Burrard...Phone Number
(888) 865-6402Website
www.canadadrives.caRevenue
$147.8 MillionIndustry
ZI Rank: 2
Signal Type
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ZI Rank
2
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2
About Canada Drives
Founded in 2010, Canada Drives is a car shopping platform that offers to help car buyers with consumer lending. The company is headquartered in Vancouver, British Columbia, Canada.Explore more
Canada Drives Org Chart
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Company Profile Activity
Activity Insights
Canada Drives is experiencing very low activity levels compared to other companies in the Finance sector.
What does this means?
Canada Drives is drawing exceptional interest within the Finance industry, suggesting notable developments or strong market momentum, learn more about Canada Drives.
Canada Drives financials insights
Gather financial insights about Canada Drives, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2019
Series A
$97.4M
2021
Series B
$79.4M
2022
Other Financing Round
$38.3M
Canada Drives Tech Stack
A closer look at the technologies used by Canada Drives
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Most Recent Scoops
Layoffs
Layoffs
Funding
Funding
New Hire
Executive Move
Canada Drives has announced that Darcy Reno has joined the organization as Chief Technology Officer. Previously, Reno served as Co-Founder & Chief Executive Officer for FNX Technologies.
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Award, Business Development
Canada Drives News & Media
Canada Drives undergoing restructuring as it files for creditor protection
“The rising costs of holding inventory…has made this specific business model no longer viable.” The post Canada Drives undergoing restructuring as it files for creditor protection first appeared on BetaKit.Canada Drives Announces a Restructuring of Business Operations to Position the Company for Success
VANCOUVER, British Columbia--(BUSINESS WIRE)--Today, Canada Drives (“Canada Drives” or the “Company”) announced a plan to restructure its business operations to better prepare the Company for success. As part of this plan, Canada Drives will narrow the Company’s focus to the two specific business lines that have consistently received praise from customers, and enable the Company to scale a less capital intensive and profitable business. The first line of business the Company will focus on isLayoffs spread to Clutch, Canada Drives as online auto marketplaces gear down
Clutch cut approximately 65 percent of its staff. The post Layoffs spread to Clutch, Canada Drives as online auto marketplaces gear down first appeared on BetaKit.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.” The post Canada Drives fuels up with $10 million extension to support growth amid economic headwinds first appeared on BetaKit.
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Frequently Asked Questions Regarding Canada Drives
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Founded in 2010, Canada Drives is a car shopping platform that offers to help car buyers with consumer lending. The company is headquartered in Vancouver, British Columbia, Canada.... Read More
