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In December Vroom acquired Houston-based rival Texas Direct Auto (TDA), the number one retailer on eBay Motors. Vroom, based in New York and Dallas, was founded in 2013 by veteran AutoNation executives Marshall Chesrow, known as “the best used-car retailer in the country,” and Kevin Westfall, who were subsequently joined by experienced and prominent Israeli tech startup and venture capital veterans Allon Bloch and Elie Wurtman. The company now has over 500 employees. The startup, formerly known as AutoAmerica until November 2014, previously raised $203 million in several funding rounds, including $35 million in debt finance. In addition to L Catterton, deep-pocket backers in these previous rounds included notable institutional investors Allen & Co., General Catalyst, and T. Rowe Price, as well as a group of private tycoons, including John Elway (a former auto dealerships owner, Pro-Football Hall of Fame quarterback and current GM and EVP for the Denver Broncos), Steve Berard (former CEO of AutoNation, and partner of Wayne Huizenga for three decades), Jeffery Boyd (chairman and former CEO of Priceline), and Bob Mylod (former vice-chairman and CFO of Priceline). The company has auto reconditioning and fulfillment facilities in Dallas, Houston and Indianapolis. Each state-of-the-art facility is built from the ground up to impeccably recondition cars to a new industry standard – Vroom Supremely Certified. These facilities also serve as giant distribution centers, giving Vroom national reach to provide free coast-to-coast car delivery. Vroom has sold more than 169,000 cars to date, generating more than $900 million in gross revenue last year, the company said. Vroom enables customers to easily find impeccably refurbished, accident-free, low mileage cars at no-haggle prices below market value, with free delivery nationwide to their doorsteps. Vroom provides a 7-day money back guarantee, no questions asked return policy, and stands behind their cars with a 90-day bumper-to-bumper warranty. Vroom delivers superior customer service in addition to a superior car, at highly competitive prices. It eliminates all the hassle of the traditional way of buying, selling and financing cars, by putting the entire process online. By leveraging big data, Vroom provides customers with cash offers to purchase their cars sight unseen, in under five minutes, an industry first. Vroom empowers customers all over the United States to save time, hassle and money by bringing all three aspects of the car buying process – buying, financing and selling – online in an easy, transparent and affordable way. Vroom offers thousands of high quality, refurbished, pre-owned vehicles with free delivery to customers’ doors nationwide.]]>