Briefing

Canada Drives raises $100M to expand online auto sales

The Vancouver company is known for online auto financing but now sells cars in Ontario and British Columbia, and wants to offer its retail services to 80 per cent of the country by year’s end. The round was led by Honor Ventures, a new firm run by former SoftBank executive Jeffrey Housenbold, who will join Canada Drives’ board. (The Logic)

    Enter your email to read this article for free

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.
    Already a subscriber?

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.

    Briefing

    BuzzFeed stock tumbles in wake of SPAC merger

    AbCellera gets emergency FDA approval for antibody treatment

    Wealthsimple sells its U.K. business to online-investment company Moneyfarm

    Best business newsletter in Canada

    Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

    Exclusive events

    See the bigger picture with reporters and industry experts in subscriber-exclusive events.

    Membership in The Logic Council

    Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited