vroom
Now that 2023 is in our rearview mirror, the startup winter is behind us, but we’re not quite out of the woods yet.
Vroom hits the brakes on its online used car business to go full throttle on auto financing and AI
Vroom is shutting down its online used car marketplace and shifting all of its resources and capital into two business units focused on auto financing and AI-powered analytics. About 800 employees,…
Australia is emerging onto the online used car scene with Carma, a startup that just raised a $20 million (AUD $28 million) seed round from Tiger Global, a U.S. investment…
Canada Drives currently operates in British Columbia and Ontario. With the new funds, Canada Drives hopes to expand to Alberta in the next month, according to co-CEO Cody Green.
First Move Capital, the Boulder-based venture firm that has invested in used car marketplaces Frontier Auto Group and Vroom as well as mobility-as-a-service startup Via, has closed a new $150…
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that…
Today Jamf, a software company that helps other firms manage their Apple devices, raised its IPO price range. The company had previously targeted a $17 to $19 per-share range. A…
If Postmates has managed anything like revenue growth acceleration because people have been staying home and ordering more food and other goods, its IPO story could prove attractive.
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Agora’s above-range pricing underscores a welcoming IPO market
Agora’s financials make its IPO pricing a neat puzzle, so let’s pull apart the good and the bad to better understand why the market was willing to pay than the company anticipated.
Earlier today we took a look at two companies that have filed to go public, nCino and GoHealth. The pair join Lemonade in a march toward the public markets. But…
Expect more as companies try to thread the needle and get out while the Nasdaq is over 10,000.
DoorDash has confirmed that it is raising “approximately $400 million” in a Series H round of funding. Earlier today, Axios reported that the company was looking for a roughly $400…
Speaking of Reliance Jio Platforms, the top Indian telecom operator said on Saturday it has secured another investment. L Catterton, a U.S. private equity firm will invest $250 million for…
After touching the 10,000-point milestone yesterday, the Nasdaq Composite set a new all-time intraday high this morning of 10,028.61, per Yahoo Finance. In more normal times this would be a…
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This time around we’re recording what we call…
Yesterday evening, Vroom, a digital used car retailer, priced its IPO at $22 per share, a figure that was a full $7 above the low end of its first proposed…
What we have here, then, is not merely another unprofitable unicorn. We have a very low-margin, unprofitable unicorn, that is still drawing enough investor interest to raise its IPO range.
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Here at Equity Monday we look at what…
Whether or not you feel that this SaaS player was worth the revenue multiple its original, $8 billion valuation dictated, the message was clear: the IPO window is open.
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Used-car marketplace Vroom continued its march towards going public yesterday with…
What does a private, car-focused e-commerce company worth $1.5 billion look like?
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Last Friday something very odd happened: the public debut of…
There have been a lot of bumps in the road for startups building used-car marketplaces, but now one of the longer-standing of them has closed a major round of funding…
The future of car ownership: Cars-as-a-service It’s Mobility Day at TechCrunch, and we’re hosting our Sessions event today in beautiful San Jose. That’s why we have a couple of related…
Editor’s Note: New feedback buttons You might have noticed at the top and bottom of this newsletter that we have added new feedback buttons. These are a quick way to…
Buying a car is painful. Dealerships are the worst, and the options are endless. The rise of the Internet produced powerful tools for shoppers, but in the end, most buyers…
Vroom, an online platform for buying and selling cars, has raised $440 million to date.
After cutting a big portion of its staff in March, Vroom is back pitching investors. Yesterday, the site for buying and selling used cars filed to raise $70 million in new equity funding.
Used car site Vroom lays off staff, 25%-50% says source, as it halts Dallas and Indiana operations
Vroom, an on-demand car buying and selling startup that has raised over $300 million in venture funding, has hit a bump in the road. TechCrunch has learned and confirmed that…
Gunning to become the top seller of used cars online, Vroom Inc. has raised $50 million in a Series E round of equity funding, bringing its total capital raised to…