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Vroom: Raised $254M in a Series H funding round

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Vroom: Raised $254M in a Series H funding round

  • Vroom, an online marketplace for buying and selling vehicles, has raised $254M in a Series H funding round
  • Durable Capital Partners led the round, and T. Rowe Price Associates, L Catterton and others participated
  • The company created a platform that puts the car buying process directly under the control of buyers and sellers
  • Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing
  • Vroom plans to continue hiring more product and engineering staff into 2020
  • The company said it aims to put all the aspects of buying and selling a car online

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