Vroom Stock
Online platform to buy and sell used cars
About Vroom Stock
Vroom is an online platform that enables individuals to buy, sell, and trade-in refurbished used cars in the United States. 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. Moreover, the company has 120 acres of vehicle reconditioning facilities to inspect and repair any cars acquired.
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. The Company currently has 3,000+ cars available and has sold 250,000 cars.
Source: Crunchbase; Vroom
Investors
Allen & Company
Stripe, Ginkgo Bioworks, Vroom, Vox Media, Blend, TrueCar, OfferUp, EVERFI, Evernote, New Relic
Altimeter Capital
AppDynamics, Airbnb, Epic Games, Snowflake, 23andMe, Unity Technologies, MongoDB, Vroom, Cerebras Systems, Okta
General Catalyst Partners
Snap, Jet, Deliveroo, Oscar Health, Stripe, Circle, ClassPass, ThoughtSpot, Gusto, Samsara
T. Rowe Price
Cruise, Airbnb, Magic Leap, Deliveroo, Rivian Automotive, Pure Storage, LivingSocial, Cloudera, Ginkgo Bioworks, WeWork
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 | $175M |
Management
CEO
Paul Hennessy
CFO
Dave Jones
Chief Revenue Officer
Scott Chesrown
Chief Supply Chain Officer
Dennis Looney
CTO
Mitch Berg
Chief Conversion Officer
John Caine
Chief Marketing Officer
Peter Scherr
Press
TechCrunch - Dec, 6 2019
TechCrunch - Dec, 11 2018
TechCrunch - Sep, 1 2018
TechCrunch - Mar, 6 2018
Autore Marketing - Aug, 18 2017
BusinessWire - Jul, 13 2017
tech - Nov, 27 2016
finteknews - Jul, 11 2016
pehub - Dec, 16 2015
Forbes - Aug, 10 2015
Other Companies
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Some data provided by Crunchbase
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