On February 11, 2025, Clutch Technologies Inc. announced the completion of a C$50 million oversubscribed Series D financing round, raising its valuation to over C$575 million. The round was led by Altos Ventures, with new participation from Industry Ventures and BMO Capital Partners, alongside returning investors Flight Deck Capital and FJ Labs.

The funds will be used to support Clutch’s geographic expansion across Canada, build new vehicle reconditioning facilities, and scale inventory to meet growing demand from Canadian car buyers.

Torys LLP acted as legal counsel to Clutch, with a team led by Konata Lake and including Tyler Cassack and Natalie Miller (corporate/financing) and Jerald Wortsman (tax). McCarthy Tétrault LLP represented BMO Capital Partners, with legal services provided by Jamie Becker (lead), Gianluca Mazzanti (business), and Michel Ranger and Julien Leblanc (tax).