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Who is Stephen Seibel?
He is the founder of Clutch, the online used-car retailer. The Globe and Mail reported in August 2025 that Clutch was founded in 2016 by former investment banker Stephen Seibel, then its chief operating officer. BetaKit's July 2025 coverage called him co-founder and COO, and BetaKit's 2020 seed-round story called him founder and COO.
How did Clutch start?
The Globe and Mail reported in March 2021 that Seibel founded Clutch in 2016 after his wife had a bad experience buying a used car, launched in Halifax in 2017, and raised money in 2018 from BrandProject when Clutch was selling 15 cars a month. In BetaKit's 2020 seed-round story he said Clutch was borne out of his frustration with the traditional car-buying process.
Who runs Clutch alongside him?
Dan Park is CEO. The Globe and Mail's March 2021 story says BrandProject chief executive Andrew Black recruited Park in 2019. Park and Seibel appeared together on The BetaKit Podcast in April 2025 to discuss the company's path through the pandemic, the end of cheap capital and US tariffs.
What has he said about Clutch's growth?
In a July 2025 BetaKit interview, Seibel said Clutch had passed $1 billion CAD in total vehicles purchased, and that after nine years to reach the first billion it would take less than 12 months to reach the second. He credited investment in machine-learning pricing, marketing and new markets, including Vancouver, where Clutch launched that March.