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Zag Raises $11.1M More

socalTECH

Source and details on the funding have not yet been announced by the company. The firm has previously raised funding from USAA, Capricorn Investment Group, LLC, GRP Partners and Anthem Venture Partners. Zag said in March that it had sold 100,000 cars, and has been profitable since August of 2009. READ MORE>>.

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This Week in VC with Farb Nivi, Founder of Grockit

Both Sides of the Table

And the broader question of whether VC’s will continue to invest in the Twitter ecosystem. Current round: $3mm in Series B by betaworks (lead)(largest investor in company), Ron Conway, Danny Rimer, Accelerator Group, Roger Ehrenberg, Howard Lindzon. Company still in beta. Founded in 2009 in Los Angeles by Michelle Crames.

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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. An investment doesn’t guarantee your product will suddenly be on the investor’s price sheet. DST invested $180mm last fall.