Vroom, a NYC-based online pre-owned car retailer, raised $54m Series B funding round.
Backers included Catterton, General Catalyst Partners and funds and accounts managed by T. Rowe Price Associates, Inc., Jeffery Boyd, Chairman and former CEO of The Priceline Group, and Bob Mylod, former CFO of The Priceline Group.
Led by Allon Bloch, CEO, Vroom is an online car store that allows customers to manage the aspects of the car buying process – buying, financing and selling – online. It offers pre-owned vehicles with free delivery to customers nationwide.
The company, which has raised $73m in total, provides a 7-day money back guarantee, no questions asked return policy, and a 90-day bumper-to-bumper warranty, coupled with free shipping nationwide.