Org of the Week: Clutch

Clutch, founded in 2016 by COO Stephen Seibel, is transforming Canada’s used car market with a seamless online platform for buying and selling vehicles. Since CEO Dan Park joined in 2019, Clutch has grown from selling 20 cars a month to $200M in sales by 2022. After a downturn cut its valuation to $15M, Park led a swift rebound—doubling revenue to $400M and restoring its valuation to $575M within two years.

Clutch offers market-based pricing, flexible pick-up/drop-off, fast payments, and auto financing with competitive rates through partnerships with major banks like Santander, TD Bank, and Scotiabank. Customers benefit from certified vehicles, a 10-day money-back guarantee, and an average savings of 6%. With over 10,000 cars sold annually and 5,000+ trees planted through its Tree Canada partnership, Clutch is setting a new standard in car buying.

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