Vroom

Vroom, Inc. operates an e-commerce platform specializing in the buying, selling, and trading of new and used vehicles in the United States. Founded in 2012 and headquartered in New York City, the company provides a convenient and innovative solution for consumers by integrating all phases of the vehicle transaction process. Vroom's platform offers a wide selection of vehicles, transparent pricing, and competitive financing options, along with services such as at-home pick-up and delivery. The company's operations are divided into three segments: e-commerce retail sales of used vehicles, wholesale sales through various channels, and retail financing services. This data-driven approach aims to enhance the overall experience for customers in the automotive market.

Matt Pietroforte

Board Member

4 past transactions

United Auto Credit

Acquisition in 2021
United Auto Credit is a California-based non-prime automotive lender that has been operating since 1996. The company specializes in providing financing solutions for independent automobile dealers and their customers across the United States. By leveraging proprietary technology, United Auto Credit facilitates access to credit, enabling dealers and consumers to purchase or repair vehicles. Over the years, it has established itself as a leader in the automotive lending sector, focusing on the unique needs of non-prime borrowers.

CarStory

Acquisition in 2020
CarStory is a technology company that specializes in providing artificial intelligence and machine learning solutions tailored for the automotive retail industry. The company has developed a user-centered, mobile-first platform designed to curate and organize vehicle and market information, benefiting both dealers and consumers. By leveraging advanced algorithms, CarStory enhances the car buying and selling experience, making relevant data easily accessible and usable for its users.

Vast

Acquisition in 2020
Vast is a technology company that empowers consumers and businesses in the automotive, real estate, and travel industries. It aggregates vast amounts of data from various sources, including Fortune 500 publishers, to provide real-time, personalized market analysis and insights. For consumers, Vast simplifies complex purchasing decisions by offering tailored recommendations for cars, homes, and vacations. For industry professionals, it offers data-driven insights to inform product and customer relationship strategies. By blending data, technology, and human expertise, Vast streamlines the decision-making process for both consumers and businesses in these major industries.

Texas Direct Auto

Acquisition in 2015
Texas Direct Auto Inc. is an automobile dealership that specializes in buying and selling a wide range of vehicles, including trucks, luxury cars, sports cars, vans, SUVs, and economy cars. Founded in 2002 and headquartered in Stafford, Texas, the company operates multiple car centers across the state, including locations in Houston, League City, and Arlington. Recognized as the largest independent dealership in the nation and the largest online dealership globally, Texas Direct Auto generates over $500 million in annual sales and has achieved total sales exceeding $3 billion. The company has pioneered internet-based vehicle retailing, utilizing advanced technology such as RFID tracking to streamline its operations. With a highly automated 70-acre campus featuring a unique used car factory, Texas Direct Auto processes thousands of vehicles monthly, serving customers and dealer networks across the United States and worldwide.
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