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News

May 17, 2021

Curbie announces the closing of a $7 million seed round

(Monday, May 17, 2021) – Curbie Cars Inc. (“Curbie”), a Canadian technology company who has launched an online vehicle retail platform, announced the closing of a CAD$7 million seed round, led by Conexus Venture Capital Inc., with participation from SaskWorks Venture Fund Inc. (“SaskWorks”) and Broad Street Bulls.

The Saskatchewan-based company was started by Alex Cruder and Brent Gudelot in 2017, with a vision of creating a better car buying experience for customers. As they explored the space of used cars, they found that people were frustrated with the lack of transparency and time required in the car buying process. Moreover, they found that many wanted a fair price, to skip the haggling process and save the endless meetings and weekends with used car salespeople. With these problems in mind, Alex and Brent launched Curbie to offer Canadians the better way to buy a car.

Curbie built a direct-to-consumer technology platform in the second-hand vehicle industry, allowing the company to get rid of the middlemen, skip the hassles, and provide a better buying experience. As Curbie built this new online car buying experience, they were able to use the cost savings from not having a physical dealership, commission salespeople, and costly overhead, to offer more features, peace-of-mind shopping and a better price to their customers. They also learned that people do not like to test-drive with a salesperson sitting next to them on a planned route. Instead, Curbie’s customers are free to test-own the vehicle for 7 days on their terms, with a money-back guarantee if not completely satisfied. This customer-first mentality continues with features like free deliveries, 3-month/10,000km warranties, and 240-point inspections on all vehicles.

“We’re excited to be working with Conexus, SaskWorks and Broad Street Bulls. The new funding will enable us to grow our business 3-5 times, to bring our better car buying experience to even more Canadians,” said Alex Cruder, CEO of Curbie.

“We are thrilled to partner with Curbie and help them scale their business in this fast-growing industry,” commented Jeff Linner, Chief Investment Officer at PFM Capital, the fund manager for SaskWorks. “We look forward to watching Curbie grow and expand into new markets.”

Over the past year, Curbie has expanded across Western Canada, and is now live in Saskatchewan, Alberta, and Manitoba. This latest round of funding will allow Curbie to further expand in its key markets, increase their inventory, and grow their team.

To learn more about Curbie Cars Inc., visit Curbie.ca

Social Media: @CurbieCars

Media kit with logos and imagery can be found here: http://bit.ly/CurbieCarsMediaKit

For Media Inquiries: Janis Galloway  |  780.965.1419  |  galloway@pressandpost.com

 

ABOUT CURBIE CARS INC.

Curbie is Canada’s first fully-licensed online vehicle retailer. It was founded in Saskatoon in 2017 by Co-Founders Alex Cruder and Brent Gudelot and currently operates in Alberta, Saskatchewan and Manitoba. Curbie promises transparent, all-in pricing, a seven-day test-own period with a money-back guarantee, and free delivery to your home. Curbie offers only the best pre-owned vehicles and backs that up by providing a free 3-month/10,000 km warranty on every vehicle. We’re Curbie, the better way to buy a car.

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