# brumbrum S.p.A.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brumbrum-s-p-a

- Industry: Internet
- Headquarters: Milan, Italy
- Website: www.brumbrum.it
- Total disclosed funding: $114M
- Latest round: Series C (Jun 1, 2021)
- Investors on record: 8

## About

Brumbrum S.p.A. is an Italian company specializing in the online sale of inspected used vehicles, providing a convenient platform for consumers to purchase reliable second-hand cars digitally.Founded in 2016 by Francesco Banfi, Brumbrum operates out of Milan, Italy, and focuses on the online sale of used cars. The company has engaged in 7 significant deals, with the most recent being an ADD-ON round led by Cazoo Limited on January 26, 2022, raising EUR 80.00 mn. To date, Brumbrum has raised a total of EUR 65.00 mn.Brumbrum specializes in the online sale of used vehicles, operating under the umbrella of Aramis Group, which is backed by Stellantis as its majority shareholder. The company’s core offerings include a diverse range of used cars that have undergone rigorous inspections, comprising over 300 checks on mechanical, body, electronic, braking, and safety components. This thorough refurbishment process occurs in their production facility in Reggio Emilia, where they can recondition up to 1,200 vehicles monthly, ensuring high-quality standards. Brumbrum serves a broad clientele, including individual consumers seeking reliable second-hand cars, particularly in Italy, France, Belgium, Spain, the United Kingdom, and Austria. Their business model emphasizes customer satisfaction by providing flexible delivery options and a 14-day trial period, allowing buyers to assess their purchase within specific parameters.In the most recent year of 2023, Brumbrum reported a revenue of EUR 13,510,740.10 and an EBITDA of EUR -4,365,925.70.Brumbrum plans to utilize its recent funding from the ADD-ON round to accelerate its expansion efforts across Italy, with a focus on launching new products in the used vehicle market. The company aims to introduce innovative services and broaden its geographic reach in the coming year, leveraging the capital raised to enhance its operational capabilities and market presence.

## Funding rounds

- Series C, Jun 1, 2021, $79M — Accel, Oaktree Capital Management, United Ventures, DIP Capital, P&G Alternative Investments
- Series B, Feb 4, 2019, $23M — Accel, Headline, Bonsai Venture Capital, United Ventures, Ithaca Investment
- Series A, Jan 23, 2018, $12M — United Ventures

## Investors

- United Ventures (https://capitalatlas.ai/funds/united-ventures) — Series A, Series B, Series C
- Accel (https://capitalatlas.ai/funds/accel) — Series B, Series C
- Headline (https://capitalatlas.ai/funds/headline) — Series B
- Bonsai Venture Capital (https://capitalatlas.ai/funds/bonsai-venture-capital) — Series B
- Ithaca Investment — Series B
- Oaktree Capital Management (https://capitalatlas.ai/funds/oaktree-capital-management) — Series C
- DIP Capital (https://capitalatlas.ai/funds/dip-capital) — Series C
- P&G Alternative Investments — Series C