Online used car retailer Vroom gets $50 million new funding

Online used-car retailer Vroom raised $50 million in a Series E funding round from existing and new investors, bringing the total funding to $218 million. The latest round was led by existing investor T Rowe Price Associates Inc, and added technology-focused investment firm Altimeter Capital and Foxhaven Asset Management as investors. New York-based Vroom’s other investors who participated include private equity firm L Catterton, venture capital firm General Catalyst Partners and boutique investment bank Allen & Co. Vroom, started in 2013, said the funding would help expand its operations in the United States and increase inventory.

Original story here.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply