Canada Drives: Funding, Investors & Team (Aug 2026)
Canada Drives is the largest 100% online car shopping and to-your-door delivery platform available in Canada. Customers can shop for certified used vehicles, pay in full or finance, sign all documents and have their vehicle delivered to their doorstep, as quickly as the same day. Through Canada Drives, purchasing a vehicle online saves Canadians time and money, and reduces the stress and pressure associated with car shopping. Canada Drives has made it possible to shop online for a vehicle with confidence, convenience and ease.
Canada Drives has raised $117M across 3 funding rounds on record, the most recent an undisclosed round of $7.3M announced in Oct 2022.
That round is above the $3.4M median round size for Commerce and Shopping companies tracked on FundedIQ over the last two years.
Canada Drives Company Profile and Key Stats
Latest funding round on record: Oct 2022.
Canada Drives Funding Rounds
Canada Drives raised $79.0M in a Series B announced in Aug 2021.
10 months later, an undisclosed round of $31.1M was announced in Jun 2022.
4 months later, an undisclosed round of $7.3M was announced in Oct 2022.
Canada Drives Founders and Leadership Team
No contact details are on record for this team yet.
Canada Drives Funding Compared to Other Commerce and Shopping Startups
Canada Drives' latest round of $7.3M is above the median round in Commerce and Shopping. Medians cover the last 24 months of disclosed rounds.
Funded Startups Like Canada Drives in Commerce and Shopping and Vancouver
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Canada Drives Funding FAQs
What does Canada Drives do?
Canada Drives is the largest 100% online car shopping and to-your-door delivery platform available in Canada. Customers can shop for certified used vehicles, pay in full or finance, sign all documents and have their vehicle delivered to their doorstep, as quickly as the same day. Through Canada Drives, purchasing a vehicle online saves Canadians time and money, and reduces the stress and pressure associated with car shopping. Canada Drives has made it possible to shop online for a vehicle with confidence, convenience and ease.
How much funding has Canada Drives raised?
Canada Drives has raised $117M across 3 rounds on record. The most recent is an undisclosed round of $7.3M announced in Oct 2022.
When did Canada Drives last raise funding?
Canada Drives' most recent funding round on record is an undisclosed round of $7.3M, announced in Oct 2022.
Who is the CEO of Canada Drives?
Cody Green is listed as CEO at Canada Drives.
Where is Canada Drives headquartered?
Canada Drives is based in Vancouver, British Columbia, Canada.
How many employees does Canada Drives have?
Canada Drives is in the 251-500 employee band.
How does Canada Drives' funding compare to other Commerce and Shopping startups?
Canada Drives' latest round of $7.3M is above the $3.4M median round size for Commerce and Shopping companies on FundedIQ across 3,501 tracked companies over the last two years.
About FundedIQ's Canada Drives Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Canada Drives is left off this page rather than filled in.
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