Beepi, a Los Altos, Calif-based car marketplace that connects buyers and sellers, raised $5m in second round of financing.
Backers included Jeff Brody of Redpoint Ventures, with participation from Tina Sharkey, Brian Sharples, Rich Boyle and Silicon Valley Bank. In conjunction with Jeff Brody will join the Board of Directors.
Led by Alejandro Resnik, CEO, and Owen Savir, Beepi provides a platform to buy and sell used cars.
Sellers give basic details and receive an inspector to certify their car, set the price, and – when it’s sold – drive it to the buyer. Buyers get a car that’s been inspected and certified, that comes with a 10-day money-back guarantee, and will be delivered right to their door.
In March of 2013, the company had raised its first round from Fabrice Grinda and Jose Marin.