Beepi - About the company
Beepi is a deadpooled company based in Menlo Park (United States), founded in 2013 by Alejandro Resnik and Owen Savir. It operates as a P2P car selling marketplace with consignment services. Beepi has raised $149M in funding, with last known valuation of $*****. The company has 162 active competitors, including 6 funded and 13 that have exited. Its top competitors include companies like ACV Auctions, Copart and Openlane.
Company Details
Beepi is an online peer-to-peer marketplace to buy and sell used cars with consignment services. Beepi makes an initial offer around $1,000 above what dealerships might offer. After inspecting the car, the Beepi team will spend the next 30 days trying to sell it to interested buyers. If they don’t succeed, Beepi will buy the vehicle for the original price quoted. Buyers get a 10-day return policy with three-month, 3,000-mile warranty on all parts and service. Beepi handles payment processing and title transfer paperwork. and takes a 9% cut. Raised an additional funding (as part of the Series B investment) of $12.5 million from over 80 investors on the AngelList platform in Dec 2014.
- Website
- beepi.com
Key Metrics
Founded Year
2013
Location
Menlo Park, United States
Stage
Deadpooled
Total Funding
$149M in 6 rounds
Latest Funding Round
Last Known Valuation
$***** as on Feb 17, 2017
Investors
Ranked
10th among 162 active competitors
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Beepi's funding and investors
Beepi has raised a total funding of $149M over 6 rounds. Its first funding round was on 2013. Its latest funding round was a Series C round on Aug 2015 for $*****. 4 investors participated in its latest round. Beepi has 18 institutional investors and 6 angel investors.
Here is the list of recent funding rounds of Beepi:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 2015 | 2385692 | Series C | 8419921 | 4546395 | 1393549 | 6036656 |
Dec 30, 2014 | 9848349 | Series B | 6510487 | 1950065 | 5063674 | |
Oct 06, 2014 | 6430215 | Series B | 9609385 | 4647269 | 3831741 |
View details of Beepi's funding rounds and investors
Beepi's founders and board of directors
Founder? Claim ProfileThe founders of Beepi are Alejandro Resnik and Owen Savir.
Here are the details of Beepi's key team members:
- Alejandro Resnik: Former Co-Founder & CEO of Beepi. They are also an angel investor in 1 startup.
- Owen Savir: Former Co-Founder of Beepi.
View details of Beepi's Founder profiles and Board Members
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Beepi's Competitors and alternates
Top competitors of Beepi include ACV Auctions, Copart and Openlane. Here is the list of Top 10 competitors of Beepi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | ACV Auctions 2014, Buffalo (United States), Series E | Online marketplace providing auction services for used vehicles to licensed dealers | $350M | 73/100 | |
2nd | Copart 1982, Dallas (United States), Public | Online marketplace for used and salvaged vehicles | $1.1M | - | 72/100 |
3rd | Openlane 1999, Redwood City (United States), Acquired | Online used cars auction platform | $75M | 64/100 | |
4th | Manheim 1945, Atlanta (United States), Unfunded | Provider of used vehicle services and marketplace for vehicle exchange | - | - | 64/100 |
5th | CarLotz 2011, Charlotte (United States), Acquired | Online P2P consignment-based car trading platform | $37M | 64/100 | |
6th | EBlock 2016, Burlington (United States), Funding Raised | Outright buyer for pre-owned cars | - | 52/100 | |
7th | Drivin Dealer 2015, Chicago (United States), Acquired | Optimizing dealer inventory with data-driven vehicle recommendations and market insights | $17.5M | 48/100 | |
8th | CLASSIC.COM 2019, Miami (United States), Series A | App-based marketplace offering second-hand cars for auction | $14.6M | - | 45/100 |
9th | ACV Auto 2015, Buffalo (United States), Public | Automotive digital marketplaces and data services for dealers | - | - | 43/100 |
10th | Beepi 2013, Menlo Park (United States), Deadpooled | P2P car selling marketplace with consignment services | $149M | 42/100 |
Looking for more details on Beepi's competitors? Click here to see the top ones
Beepi's Investments and acquisitions
Beepi has made no investments or acquisitions yet.
Reports related to Beepi
Here is the latest report on Beepi's sector:
News related to Beepi
•
Mountain View used car startup that raised $150 million is winding down after sale fizzlesThe Business Journals•Feb 16, 2017•Beepi
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Used-car marketplace Beepi shuts down outside of CA, merges with stealth Fair.comTechCrunch+•Dec 08, 2016•Beepi, Fair
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China's Biggest Automaker Just Invested In This Used Car Startup | FortuneFortune•Jan 21, 2016•Beepi, Foundation Capital, Redpoint Ventures, Sherpa Capital and 1 other
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Investors Strike Back on Silicon Valley Valuations - Digits - WSJ
The Wall Street Journal•Beepi, Foundation Capital, Redpoint Ventures, Sherpa Capital and 1 other
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