Beepi Closes $60M Series B Funding
Summary
Beepi, a Los Altos, CA-based online platform to buy and sell cars, closed a $60m Series B funding.Backers included Foundation Capital and SherpaVentures and existing investors Redpoint Ventures, SherpaFoundry CEO Tina Sharkey, OLX founder Fabrice Grinda, IG Expansion co-founder Jose Marin, Homeaway co-founder Brian Sharples, former Loopnet CEO Rich Boyle and Silicon Valley Bank.In conjunction with the funding, Steve Vassallo, General Partner at Foundation Capital, will be joining Beepi’s board.Founded by Ale Resnik, CEO, and Owen Savir, COO, Beepi is a peer-to-peer marketplace to buy and sell cars online.Beepi currently receives over 1,000 requests a week to sell cars from residents in the San Francisco Bay Area alone and recently expanded into the Los Angeles market.