Rodo: Raises $18M in Series B Financing
- Rodo, Inc., a NYC-based car ecommerce platform, raised $18m in Series B financing round
- The round, which brought total funding to $45m, was led by Holman Enterprises and Evolution VC Partners with participation from existing investor
- The company intends to use the funds to scale its dealership network nationwide and invest in marketing and customer acquisition
- The company provides a solution where a consumer can lease or purchase a new car quickly with same-day delivery service
- The company does not buy or maintain expensive fleets or inventory, instead it partners with local dealers across the US
- The company’s partner network counts more than 1,200 dealerships across ten states
