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Vroom - About the company

Vroom is a public company based in New York City (United States), founded in 2013 by Marshall Chesrown. It operates as an Online dealer of used cars. Vroom has raised $708M in funding from investors like AutoNation, Altimeter Capital and L Catterton. The company has 2353 active competitors, including 24 funded and 61 that have exited. Its top competitors include companies like Olx, Carvana and Droom.

Sectors and market segments that Vroom operate in

Vroom serves in the Auto Tech, Auto market segments.The primary business model of Vroom are:

Company Details

Online dealer of used cars. Their platform buys vehicles itself, then resells them to car buyers. Buyers can find the cars on the platform, view their specifications, features, photos & prices, as well, make an order via the platform. Their service includes purchase warranty, returns & more.
Social
X
Registered Address
New York,New York
Key Metrics
Founded Year
2013
Location
New York City, United States
Stage
Public
Total Funding
$708M in 13 rounds
Investors
Ranked
Annual Revenue
$500M - $1B as on Dec 31, 2023
Employee Count
572 as on Aug 31, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Public

Vroom's IPO details

Vroom got listed on Dec 02, 2024.
Click here to take a look at Vroom's IPO in detail
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Vroom's funding and investors

Vroom has raised a total funding of $708M over 13 rounds. Its first funding round was on Jun 25, 2013. Its latest funding round was a Conventional Debt round on Mar 31, 2020 for $450M. 1 investor participated in its latest round. Vroom has 19 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Vroom:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Mar 31, 2020
$450M
Conventional Debt
-
-
-
Dec 06, 2019
$254M
Series H
-
-
-
Dec 11, 2018
$146M
Series G
$440M
-
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Vroom's founders and board of directors

Founder? Claim Profile
The founders of Vroom is Marshall Chesrown. Thomas Shortt is the CEO of Vroom.
Here are the details of Vroom's key team members:

Vroom's employee count trend

Vroom has 572 employees as of Aug 26. Here is Vroom's employee count trend over the years:
Employee count trend for Vroom
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Vroom's Competitors and alternates

Top competitors of Vroom include Olx, Carvana and Droom. Here is the list of Top 10 competitors of Vroom, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Olx
Olx
2006, Hoofddorp (Netherlands), Acquired
International online classifieds
$28.5M
84/100
2nd
Logo for Carvana
Carvana
2012, Phoenix (United States), Public
Online dealer of pre owned cars
$460M
84/100
3rd
Logo for Droom
Droom
2014, Gurugram (India), Series G
Online retailer of used and new automobiles, plus related services
$344M
75/100
4th
Logo for TrueCar
TrueCar
2005, Santa Monica (United States), Acquired
Online new and used cars listing platform
$270M
75/100
5th
Logo for CarGurus
CarGurus
2006, Cambridge (United States), Public
Online retailer of used and new cars with financing options
$1.75M
73/100
6th
Logo for Copart
Copart
1982, Dallas (United States), Public
Online marketplace for used and salvaged vehicles
$1.1M
-
72/100
7th
Logo for Cars.com
Cars.com
1998, Chicago (United States), Public
Online retailer of new and used cars, providing reviews
-
70/100
8th
Logo for Edmunds.com
Edmunds.com
1966, Santa Monica (United States), Acquired
Online listing platform for multi-category used vehicles & price comparison
$50M
67/100
9th
Logo for Carsales
Carsales
1998, Melbourne (Australia), Public
Online listing platform for used cars
-
67/100
10th
Logo for Vroom
Vroom
2013, New York City (United States), Public
Online dealer of used cars
$708M
66/100
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Vroom's Investments and acquisitions

Vroom has not made any investments yet. Vroom has made 4 acquisitions.
Here is the list of latest three $acquisitions:lockFilter this list
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Oct 12, 2021
Acquisition
1996
Fort Worth (United States)
Dec 15, 2020
Acquisition
2005
Austin (United States)
Dec 15, 2020
Acquisition
Austin (United States)
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Reports related to Vroom

Here is the latest report on Vroom's sector:

News related to Vroom

lockFilter this list
Media has covered Vroom for a total of 4 events in the last 1 year.
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FAQs about Vroom

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