Monday, March 5, 2018

Report: Vroom Retreats From Dallas, Cuts Staff

Online used car sales startup Vroom--which acquired Texas Auto Direct back in 2015 to expand into the Texas market, has halted its Dallas operations, and also cut about one quarter of its staff, according to a report. The report cited an anonymous source. Vroom is backed by T. Rowe Price Associates, L Catterton, General Catalyst Partners, and PICO Venture Partners, and has raised more than $295M in funding.