Friday Feature Company: Beepi, Inc.

Early Stage Tear Down

View the Early Stage Deal Term Report

After posting our Early Stage Deal Term Report we decided to dive deeper into one of the companies that caught our attention. Beepi is the first and only 100% online peer-to-peer marketplace to buy or sell a car. According to their website they “…take up to 9% of all transactions. To put that number in perspective: dealers mark cars up to 54%. [They] are able to offer low prices because [they] connect buyers and sellers directly and don’t have overhead like salespeople or physical lots…”. Beepi has raised north of $57M based on regulatory filings and we valued them at $166 M post-money after their Series B round.  You can see the investment profile below.

beepi_logo_transp_2Investment Data

View the Entire Company Report for Beepi, Inc.

IVC-KPMG: Summary of Israeli Venture Capital Fund Raising – 2014

Guest Post by Marianna Shapira, Research Manager, IVC Research Center

IVC and KPMG report:

2014 VC fund raising reaches $914m – most in 6 years

Key facts:

  • Four VC funds raised more than $100 million each, accounting for 64% of total
  • Average fund size of $76 million is up 55% from previous year
  • Only 3 micro-VCs established, compared with 7 in 2013

Tel Aviv, January 14, 2015. In 2014, 12 Israeli venture capital funds raised $914 million, the most raised by Israeli venture capital funds in six years. The year’s fund raising was up 68 percent from the $544 million raised by 11 VC funds in 2013, and was 18 percent above the 10-year average of $777 million.

Four veteran Israeli VC funds managed to raise more than $100 million each and accounted for 64 percent of total capital raised in 2014. Carmel Ventures’ fourth fund attracted the largest amount – $194 million, while Magma raised $150 million for its fourth fund, less than two years after closing its previous $110 million fund. JVP made a first closing of $160 million of a targeted $180 million for its seventh fund. In addition, Vintage’s seventh fund, a fund of funds, attracted $144 million, 50 percent of which is being allocated to Israeli investments.

The average fund size in 2014 reached $76 million, 55 percent above 2013’s $49 million average, and up 46 percent from the $52 million of 2012. The increase reflects the raising of more medium sized funds and fewer micro VC funds than in each of the previous two years.

 

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