Peer-to-peer used-vehicle marketplace Beepi announced Monday the closing of $60 million in Series B funding to aid in the company’s desired national expansion.

The company, which began in April, originally catered its all-online buying and selling program to the San Francisco area with a more limited buying scope. 

As of Sept. 5, Beepi announced customers could now sell their vehicles in the Los Angeles area, where they previously had only been able to buy vehicles that the company had sourced from the Bay Area. With the additional investment funding, the company’s chief executive officer and co-founder, Ale Resnik, has the company’s aim on taking its buying and selling range to the national level.

“This investment will help us to continue to make significant strides to change how Americans are buying and selling cars, the most expensive purchase many people are making,” Resnik said. “The past six months have shown us that there is a real demand to buy and sell cars 100 percent online and we’re excited for the next stage of growth for the company.”

Investors in the company’s expansion include Foundation Capital and SherpaVentures, joining the existing investors Redpoint Ventures, SherpaFoundry CEO Tina Sharkey, OLX founder Fabrice Grinda, IG Expansion co-founder Jose Marin, Homeaway co-founder Brian Sharples, former Loopnet CEO Rich Boyle, and Silicon Valley Bank.

Foundation Capital’s general partner and new Beepi board member, Steve Vassallo, believes Beepi is reinventing various aspects of the traditional automotive purchasing process.

According to the company, Beepi currently receives over 1,000 requests per week to sell cars for residents in the San Francisco Bay Area alone. Beepi’s service guarantees that customers vehicles up for sale will sell within 30 days for at least $1,000 more than what a dealership has offered them, a guarantee they back up by buying the vehicle themselves if a customer does not within the time limit.