Vancouver Tech Journal

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

www.vantechjournal.com
Funding and Deals

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

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

William Johnson
Jun 27, 2022
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Vehicle e-tailer Canada Drives secures $40M to accelerate expansion

www.vantechjournal.com
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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…

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