About Vroom
Vroom is a company based in New York (United States) founded in 2013 by Marshall Chesrown.. Vroom has raised $707.61 million across 14 funding rounds from investors including Ally, T. Rowe Price and AutoNation. The company has 710 employees as of December 31, 2024. Vroom has completed 4 acquisitions, including CarStory, Texas Direct Auto and United Auto Credit. Vroom operates in a competitive market with competitors including Carvana, CarGurus, CarLotz, Droom and Copart, among others.
- Headquarter New York, United States
- Employees 710 as on 31 Dec, 2024
- Founders Marshall Chesrown
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Vroom, Inc.
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Annual Revenue
$00as on Dec 31, 2024
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Net Profit
$-165.12 M54.71as on Dec 31, 2024
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EBITDA
$-98.06 M-17.29as on Dec 31, 2024
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Total Equity Funding
$707.61 M (USD)
in 14 rounds
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Latest Funding Round
$5 M (USD), Debt – Conventional
Nov 25, 2025
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Investors
Ally
& 14 more
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Employee Count
710
as on Dec 31, 2024
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Investments & Acquisitions
CarStory
& 3 more
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IPO & Listings of Vroom
Vroom is a publicly listed company on the NASDAQ with ticker symbol VRM in USA, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Vroom
Vroom has successfully raised a total of $707.61M across 14 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $5 million completed in November 2025. 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 14
- Last Round Debt – Conventional — $5.0M
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First Round
First Round
(25 Jun 2013)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2025 | Amount | Debt – Conventional - Vroom | Valuation |
investors |
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| Mar, 2020 | Amount | Debt – Conventional - Vroom | Valuation |
investors |
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| Dec, 2019 | Amount | Series H - Vroom | Valuation | unknown |
| 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 Vroom
Vroom has secured backing from 15 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Ally, T. Rowe Price and AutoNation. 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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L Catterton is recognized as a leading consumer-focused private equity group.
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Founded Year | Domain | Location | |
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Tech focused growth stage VC firm investing in the US
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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 Vroom
Vroom has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include CarStory, Texas Direct Auto and United Auto Credit. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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AI-based decision-making tools for purchasing car and real estate properties
|
2005 | ||||
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Used cars are inspected, refurbished, and sold online.
|
2002 | ||||
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Non-prime auto financing solutions are provided to credit-impaired individuals.
|
1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Vroom
| 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 |
Vroom Comparisons
Competitors of Vroom
Vroom 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 Carvana, CarGurus, CarLotz, Droom and Copart, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Pre-owned vehicles are sold online with financing and valuation services.
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| domain | founded_year | HQ Location |
Automotive vehicle listings are managed via an app-based platform.
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| domain | founded_year | HQ Location |
Used cars are traded via an online consignment platform.
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| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| domain | founded_year | HQ Location |
Used and salvaged vehicles are offered via an online marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Vroom
Frequently Asked Questions about Vroom
When was Vroom founded?
Vroom was founded in 2013.
Where is Vroom located?
Vroom is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Vroom?
Thomas Shortt is the current CEO of Vroom.
Is Vroom a funded company?
Vroom is a funded company, having raised a total of $707.61M across 14 funding rounds to date. The company's 1st funding round was a Series H of $254M, raised on Jun 25, 2013.
How many employees does Vroom have?
As of Dec 31, 2024, the latest employee count at Vroom is 710.
What does Vroom do?
Vroom was founded in 2013 in New York, United States, as an online dealer in the used car sector. Vehicles are acquired by the company and then resold to buyers via its digital platform. Specifications, features, photos, and prices of cars are displayed for potential purchasers, who can place orders directly online. Additional services such as purchase warranties and returns are offered to support transactions.
Who are the top competitors of Vroom?
Is Vroom publicly traded?
Yes, Vroom is publicly traded on NASDAQ under the ticker symbol VRM.
How many acquisitions has Vroom made?
Vroom has made 4 acquisitions, including CarStory, Texas Direct Auto, and United Auto Credit.
Who are Vroom's investors?
Vroom has 15 investors. Key investors include Ally, T. Rowe Price, AutoNation, Allen & Company, and L Catterton.
What is Vroom's ticker symbol?
The ticker symbol of Vroom is VRM on NASDAQ.
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