September 21, 2016 | American-Israeli online used-car marketplace Vroom has raised $50 million in a funding round from existing and new investors, bringing their total funding to $218 million. Founded in 2013 and headed by CEO Allon Bloch, VRoom will use the funding to help expand its operations in the United States and increase inventory. The company currently has an inventory of more than 2,300 vehicles, according to its website. Vroom expects to generate more than $1 billion of revenue in 2016, up from $900 million last year. The latest round was led by existing investor T Rowe Price Associates Inc, and added technology-focused investment firm Altimeter Capital and Foxhaven Asset Management as investors.
Subscribe to NoCamels weekly newsletter and get our top stories
Related posts
Workplace Security Firm Honored For Threat Detection Technology
September 19, 2024
Israeli Digital Security Firm Secures First Contract In New York State
September 19, 2024
Top European Carmakers To Include Israeli Chipset In New Vehicles
September 18, 2024
Sheba Named As One Of World's Top 10 Smart Hospitals
September 18, 2024
Facebook comments