Beepi Gets $60M To Expand Car Buying, Selling To LA

Beepi, a startup which helps individuals sell and buy cars online--by taking your car and running it through a 185 point inspection process, get professional photos, and more--has raised $60M to expand into the Los Angeles area and beyond. The Silicon Valley startup said this morning it raised $60M from Foundation Capital, Sherpa Ventures, Redpoint Ventures, Silicon Valley Bank, along with angels. Beepi said last month that it was beginning an expansion into LA, to let Los Angeles residents sell their vehicles online. Beepi let users schedule and appointment for a car inspection and certification at their home or business. Beepi says it lets users receive a guaranteed price and sale in 30 days for their vehicle. The company offers up a three month, 3,000 mile warranty to buyers and a 10-day money back guarantee. The funding primarily goes to support the company's expansion into the LA area. More information »