Vroom is a used car retailer and e-commerce company that enables consumers to buy, sell and finance cars online.
Vroom is turning the used-car industry on its head with its online platform, direct-to-consumer fulfillment model and private-seller service.
Vroom was founded in August of 2013 by Marshall Chesrown, Kevin Westfall and Scott Chesrown. The company is headquartered in New York City, with a refurbishment facility in Stafford, Texas.
Vroom’s focus is making it easy for consumers to make the car they want, the car they drive. The company offers thousands of low-mileage, reconditioned vehicles with delivery directly to consumers.
Vroom’s seamless private-seller acquisition service allows customers to receive cash offers for their vehicles in minutes. Its platform has to date been used by more than 250,000 buyers and sellers, as well as has some 3,000 vehicles listed at any time, covering some 400 makes and models.
Vroom is backed by leading investors including General Catalyst, Altimeter Capital, Durable Capital Partners LP, T. Rowe Price Associates, L Catterton, Allen & Co. and others. The company raised $254M in a Series H round on Dec 06, 2019. This new round brings Vroom's total funding to $721.3M to date.
Vroom is reported to be valued at over $1B after it's Series H round on Dec 06, 2019. The company was also included on Forbes’ list of the Hottest E-Commerce Startups of 2015. Vroom went public on June 08, 2020, with a $2.5B valuation at IPO.