Venture Capital News Daily
   Your Source for Venture Capital and Private Equity Financings
   Massinvestor/VC News Daily      
   Venture Capital News Daily on RSS Venture Capital News Daily on Facebook Venture Capital News Daily on Twitter
VC DATABASE   /   MOBILE APP  /  CELEBRITY VCs   /   VENTURE TRACKR   /   ARCHIVE   /   ABOUT US
Venture Capital News Daily
Beepi Closes $12.7M Round

       
LOS ALTOS, CA, Leading peer-to-peer marketplace to seamlessly buy and sell cars online, today announced it has closed a funding round.
Click here for more funding data on Beepi
To export Beepi funding data to PDF and Excel, click here
Beepi, the leading peer-to-peer marketplace to seamlessly buy and sell cars online, today announced it has closed a funding round from the largest syndicate in AngelList history. 86 investors from the entertainment and financial communities have come together to invest $2.7 million in the largest deal ever done via crowd funding on AngelList.

In addition to this crowd sourced funding, four new prominent investors are now backing the company including Digital Sky Technologies co-founder Yuri Milner and SAB Capital Management CEO and founder Scott Bommer. The new investment this round totals $12.7 million.

'As a peer-to-peer marketplace, Beepi is all about connecting people. We wanted to do the same thing with our investor base,' said Beepi CEO and co-founder Ale Resnik. 'AngelList is a fantastic platform to engage with individual investors. We're excited to enable new people to share in our growth.'

'We are excited to have supported Beepi's unprecedented raise through Gil Penchina's syndicate,' said Millie Tadewalt, AngelList Business Lead for Fundraising Products. 'This is an excellent example of the AngelList platform enabling dozens of distributed angels to efficiently come together, invest in and support startups like Beepi.'

This funding comes on the heels of the company's $60 million Series B round from Foundation Capital and SherpaVentures.

Beepi has established itself as a disruptive force in the auto industry, offering consumers a powerful new option that bypasses the outdated dealership model. With Beepi, consumers can buy or sell a car completely online without the frustration of haggling or fear of overpaying. Currently Beepi delivers cars to 140 US cities and receives over 1,000 requests a week to sell cars from residents in the San Francisco Bay Area alone. Beepi will continue to expand its offerings and simplify the process for buyers and sellers alike.

About Beepi

Founded by Ale Resnik, CEO, and Owen Savir, COO, Beepi is a new way to buy or sell a great car completely online. For too long, buying and selling a car has been a complex and even terrifying process-whether it be because of poor experiences at dealerships, spending too much time haggling over prices, or ending up with a vehicle that falls way below expectations. Beepi is changing that experience by giving consumers an end-to-end experience when buying or selling a car; one that's also fast, simple, safe and fun. For more information, please visit www.beepi.com.
(c)2011-2018 by Massinvestor, Inc. For contact info, please check out our about page.
  >> Click here for in-depth research on 4,000 VC firms
Venture Capital News Daily
 
Massinvestor/VC News Daily
617-620-4606


© 2018 Massinvestor, Inc.