When was Canada Drives founded?

Canada Drives was founded in 2010 and raised its 1st funding round 9 years after it was founded.

Where is Canada Drives located?

Canada Drives is headquartered in Vancouver, Canada.

Who is the current CEO of Canada Drives?

Cody Green and Michael Mike Galpin s of Canada Drives. Cody Green has also founded 1 company.

How many employees does Canada Drives have?

As of Sep 30, 2026, the latest employee count at Canada Drives is 2.

Is Canada Drives a funded company?

Canada Drives is a funded company, having raised a total of $195M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on 2019.

When was the latest funding round of Canada Drives?

Canada Drives' latest funding was a $***** Series B round on Oct 08, 2022, with participation from 0 investor.

Where does Canada Drives rank among its competitors?

Canada Drives ranks 7th amongst 385 active competitors, of which 4 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Clutch, which secured $40.4M in Jan, 2025.

Who are the top competitors of Canada Drives?

Canada Drives' top competitors include Copart, CarGurus and Clutch. Among them, Clutch secured the most recent funding round in January, 2025.

Canada Drives - 2026 Company Profile, Team, Funding & Competitors

Company Details

Online marketplace for automotive financing. It connects people with vehicle dealers and financing options. Users can buy a car from the platform and apply for finance options. It connects with dealers on the basis of loan requirements and credit assessments.

Website: www.canadadrives.ca/
Social
Part Of

Key Metrics

Founded Year

2010

Location

Vancouver, Canada

Stage

Series B

Total Funding

$195M in 4 rounds

Latest Funding Round

Series B, Oct 08, 2022, $*****

Investors

Anthos Capital & 3 more

Ranked

7^th among 385 active competitors

Employee Count

2 as on Sep 30, 2026

Similar Companies

Carvana & 233 more

View Canada Drives' full profile

Canada Drives has raised a total funding of $195M over 4 rounds. Its first funding round was on 2019. Canada Drives has 4 institutional investors.

Here is the list of recent funding rounds of Canada Drives:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 08, 2022	3781947	Series B	2297552	8407829	8267289	3441332
Jun 27, 2022	5923099	Series B	1643237	5763887	6924319	goeasy
Aug 18, 2021	1704347	Series B	2420077	6381161	KAR Global	4094856

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View details of Canada Drives's funding rounds and investors

The founders of Canada Drives is Cody Green. Cody Green and Michael Mike Galpin are the CEOs of Canada Drives.

Here are the details of Canada Drives' key team members:

Cody Green: Founder & Co-CEO of Canada Drives and founder of 2 other companies, Canada Drives and USA Drives.
Contact Info: 1 email address
Michael Mike Galpin: Co-CEO of Canada Drives.

View details of Canada Drives's Founder profiles and Board Members

Canada Drives' employee count trend

Canada Drives has 2 employees as of Sep 26. Here is Canada Drives's employee count trend over the years:

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Top competitors of Canada Drives include Copart, CarGurus and Clutch. Here is the list of Top 10 competitors of Canada Drives, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Copart 1982, Dallas (United States), Public	Online marketplace for used and salvaged vehicles	$1.1M	-	73/100
2nd	CarGurus 2006, Cambridge (United States), Public	Online retailer of used and new cars with financing options	$1.75M	Vitruvian Partners, Ithaka Partners & 1 others	68/100
3rd	Clutch 2016, Toronto (Canada), Series D	Online-first dealer of used cars	$167M	D1capitalpartners.com, Canaan & 16 others	65/100
4th	AutoTrader.ca 2000, Toronto (Canada), Acquired	Used Automobile listing portal & content portal	-	Piton Capital	62/100
5th	CarDoor 2021, Toronto (Canada), Seed	Auto retailer of cars	$3M	Framework Venture Partners	52/100
6th	Trade Helper 2012, Laval (Canada), Acquired	App that provides an auction-based platform for multi-category vehicles	-	-	41/100
7th	Canada Drives 2010, Vancouver (Canada), Series B	Online marketplace for automotive financing	$195M	Accolade Partners, Anthos Capital & 2 others	40/100
8th	Impact Auto Auctions 1984, Mississauga (Canada), Unfunded	App-based auction platform of second-hand automobiles	-	-	33/100
9th	Roadsport Honda 1964, Toronto (Canada), Unfunded	Used car dealership specializing in BMW, porsche, lexus, and mercedes vehicles	-	-	33/100
10th	Regal Auctions 1985, Calgary (Canada), Unfunded	Online auction-based platform for used vehicles	-	-	32/100