Tuesday, July 18, 2017

Vroom Finds $76M More For Online Auto Sales

Vroom, a online auto retailer which has offices in Dallas and Houston, has raised $76M in a Series F round, according to the firm. The company, which operates the Texas Direct Auto brand, said the funding came from T. Rowe Price Associates, along with L Catterton, General Catalyst Partners, and PICO Venture Partners. Vroom says it has now raised a total of $295M in funding. Vroom provides direct-to-consumer auto sales, and is led by former Pricelinecom CEO Paul J. Hennessy.