Curbie Cars: $7 Million in Seed Round FundingCurbie News May 13, 2021
by INDUSTRY WEST STAFF
On May 10, 2021, Saskatchewan-based tech company Curbie Cars Inc. announced the closing of its $7 million CAD seed round, led by Conexus Venture Capital Ltd., with participation from SaskWorks and Broad Street Bulls.
The company, launched in 2017 by Alex Cruder and Brent Gudelot, is an online platform for retail vehicle sales. Curbie is a direct-to-consumer sales platform for the purchase of secondhand vehicles. Curbie has expanded outside of Saskatchewan, with growth in Alberta and Manitoba auto markets. The seed round funding will allow Curbie to grow into more markets as well as increase staffing and inventory. “We’re excited to be working with Conexus, SaskWorks and Broad Street Bulls,” said Alex Cruder, CEO of Curbie. “The new funding will enable us to grow our business 3-5x, bringing our better car buying experience to even more Canadians.” said Alex Cruder, CEO of Curbie.
“The future of buying a car is quickly changing, and Canadians are demanding a more convenient and transparent process. Curbie has quickly become a market leader across the Canadian prairies, providing people with a car buying experience that’s built for their life,” said Sean O’Connor, Head Managing Director, Conexus Venture Capital Inc. “Curbie has seen significant growth in sales over the past year, and continues to have exceptional customer feedback and reviews. We’re thrilled to be working with such strong founders in Alex and Brent, who have the blended expertise in both technology and the auto industry.”