# Blip Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blip-technologies

- Industry: Software
- Headquarters: Santa Monica, US
- Website: www.carblip.com
- Total disclosed funding: $2M
- Latest round: Seed (Jun 26, 2018)
- Investors on record: 2

## About

Blip Technologies, Inc. specializes in a digital automotive concierge service, streamlining the car buying and leasing process for consumers while ensuring a personalized and efficient experience.Founded in 2017, Blip Technologies, Inc. is headquartered in Santa Monica, US. The company offers a digital platform connecting customers with dedicated concierges to assist with car purchases. The firm secured USD 2.000 mn in Seed funding on June 26, 2018, led by Fiftyfive Capital and Science. Eric Brooks is the founder, and Brian Johnson currently serves as CEO.CarBlip primarily focuses on providing a digital automotive concierge service that simplifies the car buying and leasing process for consumers. The service connects customers with a dedicated CarBlip Concierge who assists them in selecting their desired vehicle from a catalog of over 30 different brands, including manufacturers such as Toyota, Honda, BMW, and Bentley. This personalized approach allows users to explore various pricing options, including leasing and financing, while also applying available rebates and incentives to secure the best price. CarBlip facilitates the entire transaction process, from vehicle selection to delivery, ensuring a seamless experience for the end users. The service is currently available in California, with plans to expand into other states, serving a customer base that ranges from first-time buyers to seasoned car enthusiasts seeking convenience in their vehicle acquisition.Revenue for CarBlip is generated primarily through its concierge services, which involve a commission-based structure from the dealerships that fulfill the sales transactions. Clients engage in direct-to-consumer transactions where the CarBlip Concierge negotiates prices on behalf of the customers, effectively positioning CarBlip as a broker in the automotive market. The company’s business model emphasizes transparency and customer service, where clients do not incur additional fees beyond the vehicle purchase price. Each transaction is tailored to the individual needs of the customer, enabling CarBlip to build lasting relationships with its clientele. By streamlining the car buying process and reducing traditional dealership overhead, CarBlip aims to revolutionize the automotive sales environment while maximizing customer satisfaction and loyalty.Blip Technologies, Inc. intends to utilize the recent Seed funding of USD 2.000 mn raised in June 2018 to broaden its service offerings and enhance its digital platform. Plans include launching new features by the end of 2024 aimed at providing customers with improved vehicle selection tools and a more robust user interface. Additionally, the firm is targeting expansion into other US states beyond California by 2025 to reach a larger customer base and offer its services more widely.

## Funding rounds

- Seed, Jun 26, 2018, $2M — Science, Fiftyfive Capital

## Investors

- Science (https://capitalatlas.ai/funds/science) — Seed
- Fiftyfive Capital (https://capitalatlas.ai/funds/fiftyfive-capital) — Seed