Beepi Tops AngelList’s Trending List: After Fundraising $60M

Beepi, which launched in April, enables potential buyers to view available used cars online. The cars have been tested and vetted by inspectors, who drive out to vehicles locations to complete a 185-point inspection before the cars are certified for sale. Beepi uses a proprietary pricing algorithm that provides a prices based on the geographic market. If buyers — think millennials —  like what they see online or via their smartphone, they can swiftly click and purchase the cars.  It’s that easy.   Unlike competitors who allow users to search inventory online, book a test drive and inquire about financing, but stop short of facilitating the actual purchase, Beepi enables users to purchase cars online via bitcoin, direct debit, financing or credit cards, with the car showing up at the door once the deal closes.

“To make sure buyers love their car, we offer a 10-day, no questions asked return policy. But sellers, don’t worry. Once you’ve sold your car, it’s sold. We take it back ourselves, and the money is yours to keep. And because we have no salespeople to pay or huge lots and showrooms to maintain, we guarantee that sellers get more and buyers pay less than at any dealer. That win/win combination is something we proudly call a “Beepin’ miracle,” states the campaign.

Beepi guarantees sellers will sell their car within 30 days for at least $1,000 more than what they could get at a dealership, or Beepi will purchase the vehicle. The company handles the paperwork and delivery–it even wraps cars with a big bow–and takes a share of the sale.  In October, according to Crowdfund Insider’s JD Alois, “Beepi, a peer-to-peer marketplace which seamlessly buys and sells cars online, has closed $60 million in Series B funding. The new  capital will allow Beepi to accelerate the growth and expansion of its platform, bringing hassle-free car buying and selling to consumers across the United States. ”   With over 759 followers and counting, Beepi is now understandably trending on AngelList: What will the edgy startup valued at around $200 million do next?  Tune into AngelList for more information about Beepi’s future.