Tuesday, October 7, 2014

Beepi Raises $60M For Car Buying, Selling

Los Altos-based Beepi has raised $60M in a funding round, to expand the company's services beyond the Bay Area. Beepi said the funding came from Foundation Capital and Sherpa Ventures, along with Redpoint Ventures, Silicon Valley Bank, Tina Sharkey (SherpaFoundry), Fabrice Grinda (OLX), Jose Marin (IG Expansion), Brian Sharples (HomeAway), and Rich Boyle (Loopnet). Beepi handles all of the details of selling a car for individuals, running that car through a 185 point inspection and certification process, offering up a guaranteed price for that car, and providing a 10 day money back guarantee and three month, 3,000 mile warranty to buyers, among other services. More information »