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RumbleOn Receives $5.2 Million in Funding from the Paycheck Protection Program

PUBLIC · RDNWMay 07, 2020

Amount Raised

$5 Million

Round Type

Funding Round

ChandlerOtherManufacturingSoftwareMobileTransportationRetailAutomotiveLogistics

Description

RumbleOn, Inc (NASDAQ: RMBL), the e-commerce company using innovative technology to simplify how dealers and consumers buy, sell, trade or finance pre-owned vehicles, today announced the receipt of approximately $5.2 million in funding from the Paycheck Protection Program (PPP).

Quick answer

RideNow Group, Inc. raised $5 Million in a Funding Round round, dated May 7, 2020. RideNow Group, Inc. is based in Chandler, Arizona, United States.

How much did RideNow Group, Inc. raise?
RideNow Group, Inc. raised $5 Million in a Funding Round round on May 7, 2020.
What does RideNow Group, Inc. do?
RumbleOn, Inc. (NASDAQ: RMBL), operates through two operating segments: our Powersports dealership group and Wholesale Express, LLC, an asset-light transportation services provider focused on the automotive industry.
Where is RideNow Group, Inc. based and how big is it?
RideNow Group, Inc. is based in Chandler, Arizona, United States. Fundz records about 2,000 employees.
Who are the decision-makers at RideNow Group, Inc?
Fundz holds 1 contact at RideNow Group, Inc. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Mobile and Transportation around the same time

Companies in the same sectors as RideNow Group, Inc. that raised within 45 days of this round, from Fundz verified event records.

  • SoftBank Group raised an undisclosed amount (Series B) on June 18, 2020.
  • Instacart raised $225M (Funding Round) on June 11, 2020.
  • IQM Quantum Computers Plc raised $22M (Funding Round) on June 11, 2020.
  • WiseTech Global Ltd raised $4M (Seed) on June 2, 2020.
  • WiseTech Global Ltd raised $950K (Seed) on June 2, 2020.
  • WiseTech Global Ltd raised $3M (Seed) on June 2, 2020.

Who to call at RideNow Group, Inc., and when

A new round usually means RideNow Group, Inc. is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day RideNow Group, Inc. raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at RideNow Group, Inc., from your own LinkedIn network

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Company Information

Company

RideNow Group, Inc.

Location

901 W. WALNUT HILL LANE

Chandler, Arizona, United States

About

RumbleOn, Inc. (NASDAQ: RMBL), operates through two operating segments: our Powersports dealership group and Wholesale Express, LLC, an asset-light transportation services provider focused on the automotive industry. Our Powersports group is the largest powersports retail group in the United States (as measured by reported revenue, major unit sales and dealership locations), offering over 500 powersports franchises representing 50 different brands of products. Our Powersports group sells a wide selection of new and pre-owned products, including parts, apparel, accessories, finance & insurance products and services, and aftermarket products. We are the largest purchaser of pre-owned powersports vehicles in the United States and utilize RideNow's Cash Offer to acquire vehicles directly from consumers.

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Related People

1 contact
Verified contacts72 people are listed at RideNow Group, Inc.. We don't have their email yet.See plans and pricing
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RideNow Group, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.