Vehicle e-tailer Canada Drives secures $40M to accelerate expansion

The new partnership with Goeasy will simplify the purchase financing process.

Cody Green

Vancouver-based auto e-tailer Canada Drives announced the close of CAD $40 million in funding from Goeasy, a non-prime consumer lender. The funding comes 10 months after a $100 million round led by Honor Ventures.

Why it matters: The Canadian car-buying and -selling industry has become a crowded space with multiple new marketplaces launching ov…