About Brumbrum
Brumbrum is a company based in Milan (Italy) founded in 2016 by Alberto Genovese and Francesco Banfi was acquired by Cazoo in January 2022.. Brumbrum has raised $35.24 million across 3 funding rounds from investors including Cazoo, Accel and Oaktree Capital Management. Brumbrum offers products and services including Used Car Sales Platform, Financing Service, and Delivery Service. Brumbrum operates in a competitive market with competitors including AUTO1.com, CarAffinity, GoodBuyAuto, Carsoon and CuboAuto, among others.
- Headquarter Milan, Italy
- Founders Alberto Genovese, Francesco Banfi
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Brum Brum D.O.O.
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Products & Services of Brumbrum
Brumbrum offers a comprehensive portfolio of products and services, including Used Car Sales Platform, Financing Service, and Delivery Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online service for browsing and buying used cars with quality checks.
Provides loans and financing options for vehicle purchases.
Handles car delivery and documentation across Italy.
Funding Insights of Brumbrum
Brumbrum has successfully raised a total of $35.24M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $77.3 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $77.3M
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First Round
First Round
(23 Jan 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Debt – Conventional - Brumbrum | Valuation |
investors |
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| Feb, 2019 | Amount | Series B - Brumbrum | Valuation | Accel | |
| Jan, 2018 | Amount | Series A - Brumbrum | Valuation | United Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Brumbrum
Brumbrum has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Cazoo, Accel and Oaktree Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Real estate fund, infrastructure fund, and private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on European digital-tech businesses.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Brumbrum
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Brumbrum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Brumbrum Comparisons
Competitors of Brumbrum
Brumbrum operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AUTO1.com, CarAffinity, GoodBuyAuto, Carsoon and CuboAuto, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AUTO1.com is recognized as Europe’s largest wholesale platform for used cars.
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| domain | founded_year | HQ Location |
Online classified portal of new & used cars
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| domain | founded_year | HQ Location |
Operates an online platform for buying and selling used cars, simplifying the vehicle transaction process.
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| domain | founded_year | HQ Location |
Online platform that facilitates the buying and selling of used vehicles
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| domain | founded_year | HQ Location |
Online marketplace for searching, buying, and selling automobiles and motorcycles.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Brumbrum
Frequently Asked Questions about Brumbrum
When was Brumbrum founded?
Brumbrum was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Brumbrum located?
Brumbrum is headquartered in Milan, Italy. It is registered at Milan, Lombardy, Italy.
Who is the current CEO of Brumbrum?
Francesco Banfi is the current CEO of Brumbrum. They have also founded this company.
Is Brumbrum a funded company?
Brumbrum is a funded company, having raised a total of $35.24M across 3 funding rounds to date. The company's 1st funding round was a Series A of $12.24M, raised on Jan 23, 2018.
What does Brumbrum do?
Brumbrum was founded in 2016 in Milan, Italy, as an online dealer in the pre-owned automotive sector. Prospective buyers are enabled to search and view car listings, including 360-degree interior and exterior images, vehicle history reports, loan details, performance data, fuel economy figures, estimated prices, and trade-in values. A money-back guarantee is provided for every vehicle purchase.
Who are the top competitors of Brumbrum?
Brumbrum's top competitors include AUTO1.com, CarAffinity and Carsoon.
What products or services does Brumbrum offer?
Brumbrum offers Used Car Sales Platform, Financing Service, and Delivery Service.
Who are Brumbrum's investors?
Brumbrum has 8 investors. Key investors include Cazoo, Accel, Oaktree Capital Management, P&G SGR, and DIP - Disruptive Investment Platform.
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