| Founded | 2012 |
|---|---|
| Closed | 2024 |
| Country | USA |
| Sector | Ecommerce |
| Total raised | $468M IPO + prior rounds (T. Rowe Price, AutoNation) |
| Collapse type | Silent Shutdown |
| Founder | Paul Hennessy |
Vroom
"Online used car marketplace IPO'd at $2.5B in 2020. Shut down e-commerce operations in January 2024 after $800M+ in losses."
Quiet closure with no public announcement
Key Events Timeline
Vroom built a fully online used car buying and selling platform, IPO'ing in June 2020 at the height of pandemic-era e-commerce enthusiasm.
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