consumers, acting as a bridge between buyers and dealers. In addition, the company buys vehicles from consumers and sells them to dealers through auto auctions. Founded by Alon, a former software engineer with a history of entrepreneurial ventures, Clutch secured funding a few months after its inception.

Clutch also operates BuyBids.com, a subsidiary B2B SaaS platform designed to serve both auto brokers and dealers. BuyBids provides instant buy bids for customer trade-ins, allowing brokers to make a spread on the deal. For dealers, it offers a streamlined way to offload unwanted trade-ins. This platform serves as a tool for brokers and dealers to earn additional revenue and as a channel for Clutch to acquire inventory without direct consumer marketing.

The company aims to simplify the car buying and selling process, offering a streamlined experience for both consumers and dealers.