Vroom Stock
Used car platform
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About Vroom Stock
Vroom is an online platform that enables individuals to buy and sell used vehicles. Vroom also maintains a smartphone application that allows its users to filter their searches by body type, year, price, mileage, and make, and get the purchased car delivered right to their doorsteps.Â
In addition, the Company offers financing options and is partnered with Capital One, Ally, TD Bank, and SunTrust. For any cars sold or bought, the Company will arrange drop-off and pick-up. Due to the nature of Vroom's business model, it also offers "Vroom Protection," as a means to extend manufacturer warranties. The Company additionally offers a 7-day return policy to ensure customers are satisfied with their purchase.
Vroom was founded in 2013 and is based in New York and Houston. Vroom is backed by investors including L Catterton, T. Rowe Price, and General Catalyst.
Investors
T. Rowe Price
One97, Flipkart, WeWork, Cruise, Airbnb, Rivian, Magic Leap, Nuro, Caris Life Sciences, Vroom
General Catalyst Partners
Snap, Jet, Stripe, Anduril Industries, Relativity Space, Devoted Health, Lacework, Oscar Health, Circle, Hopin
Durable Capital Partners
Lacework, Brex, Vroom, Rapyd, Coalition, Convoy, Checkr, Chainalysis, Tipalti, HoneyBook
Fraser McCombs Capital
Funding History
| June 2013 | $6.4M |
|---|---|
| November 2014 | $11.7M |
| July 2015 | $54.2M |
| December 2015 | $95.0M |
| September 2016 | $50.0M |
| June 2017 | $108M |
| October 2018 | $146M |
| November 2019 | $254M |
| June 2020 | $468M |
Management
Chief Executive Officer
Paul Hennessy
Chief Financial Officer
Dave Jones
Chief Supply Chain Officer
Dennis Looney
Chief Conversion Officer
John Caine
Chief Marketing Officer
Peter Scherr
Chief Legal Officer
Patricia Moran
Chief Revenue Officer
Mark Roszkowski
SVP, People & Culture
Deni Stott
GM, Houston Retail
Jenny Watson
Press
pymnts - Dec, 13 2019
Vroom CEO: Driving Used-Car Sales Into the Digital FutureTechCrunch - Dec, 6 2019
Used car marketplace Vroom nabs $254M to take its growth up a gearcrainsdetroit - Dec, 6 2019
Vroom plans to triple size of Detroit office, move into new Fillmore space as it raises $254 millionTechCrunch - Dec, 11 2018
Vroom nabs $146M from AutoNation, VCs for its used car siteTechCrunch - Sep, 1 2018
Used car site Vroom is raising $70M six months after a big round of layoffsEquityZen Recognized As:
