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Car Site Beepi Confirms Monster Investment Just Five Months After Launch

Jason Del Rey has been a business journalist for 15 years and has covered Amazon, Walmart, and the e-commerce industry for the last decade. He is a senior correspondent at Vox.

Beepi, a site for buying and selling cars, has raised a $60 million Series B investment just five months after it launched, confirming Re/code’s report from August. New investors Foundation Capital and SherpaVentures joined existing backer Redpoint Ventures in the round.

This article originally appeared on Recode.net.