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CARD.com Raises $3M For Prepaid Debit Cards

socalTECH

Los Angeles continues to be a hotbed for new, finance-related startups this morning, as Santa Monica-based CARD.com announced it has raised $3M in a Series A funding. The Series A funding was led by QED Investors, and also included Resolute Ventures, Anthem Ventures, and angels such as Adam Press and Greg Steiner (BeachMint, eHarmony).

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Zag: 50,000 Cars Sold

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Zag's technology provides a level of customization and detail on "fleet" style, pre-negotiated sales of autos, down to the accessory level; the firm has deals with USAA, Capital One, Overstock.com, AAA groups, and others to provide its service. Painter is the former CEO of CarsDirect.com. READ MORE>>.

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Zag Adds Another AAA Group

socalTECH

Santa Monica-based Zag, which is developing software for auto buying programs, has signed on another AAA group as a customer. Zag is headed by former CarsDirect CEO Scott Painter, and is venture backed by Anthem Venture Partners, Capital One Auto Finance, GRP Partners, Arcturus Capital, Callaway Cars and the Skoll Fund.

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This Week in VC with Om Malik & Paul Jozefak

Both Sides of the Table

Venture Capital funds: the different between “closed funds&# (which typically have a 10-year time horizon) and “evergreen funds&# which re-invest profits back into the fund. Paul talked about Neuhaus Partners, a 65 million Euro fund with the remit to invest in German-speaking countries. 406 Ventures.

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This Week in Venture Capital – Episode 2

Both Sides of the Table

Especially when he’s surrounded by Danny Rimer (who funded Skype, MySQL, Last.FM PLUS RELATED FUNDING …. 2.6mm in Series A : Canaan , Anthem. Stitcher - San Francisco-based service that lets users customize talk radio programming on their mobile devices. My take: Never bet against Bill Gross. Other Deals.

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Interview with Dale Quayle, FileTrek

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To address that, Los Angeles-based FileTrek (www.filetrek.com) announced a funding round for its cloud-based software for sharing enterprise and business files yesterday. We spoke with Dale Quayle , the firm's CEO, about the funding and company. One of the investors, Anthem Ventures, is here in Los Angeles, which is how I got involved.

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Interview with Derrick Oien, Intercasting

socalTECH

in funding from Venrock, Avalon, and Masthead. Derrick Oien: We have a platform we develop, called ANTHEM. ANTHEM is referred to, depending on what segment you're looking at, as either a community gateway or social networking gateway. The second customer is the social networking sites. Intercasting is backed by $17.5M