Vroom Raises $76M in Series F Funding Round

Vroom, a New York, Dallas and Houston-based online auto retailer, raised $76m in Series F funding.

Backers included certain funds and accounts advised by T. Rowe Price Associates, L Catterton, General Catalyst Partners and PICO Venture Partners.

The company has raised $295m in total equity funding since inception.

Led by CEO Paul J. Hennessy, Vroom is a national online auto retailer offering thousands of low-mileage, reconditioned vehicles with free delivery to customers’ doors nationwide. The company, which also operates the Texas Direct Auto brand, which brings the entire car-buying process online, from financing to purchase. Its private-seller acquisition model allows customers to get a cash offer for their vehicle in minutes.

FinSMEs

14/07/2017

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