socalTECH

FEBRUARY 10, 2021

Santa Monica-based auto buying program operator TrueCar announced this morning that it has inked a partnership with Los Angeles-based HyreCar, to power an online auto marketplace for HyreCar. Financial details of the partnership were not announced.

Truecar 113

Truecar Santa Monica Los Angeles Customer 113

socalTECH

NOVEMBER 23, 2015

Santa Monica-based online car buying startup TrueCar announced today that it has named Chip Perry, the former CEO of AutoTrader.com, as its new President and CEO. According to TrueCar, Peery will take the reigns at the company effective December 15th, taking over from TrueCar founder Scott Painter, who is stepping down from the company.

Truecar 100

Truecar Santa Monica Los Angeles Startup 100

socalTECH

NOVEMBER 4, 2021

Los Angeles-based automotive marketplace operator TrueCar released a highlight of its results last night, saying that the firm's revenues were down 28.8% TrueCar said it had a net loss of $6.8 year-over-year, and 16.4% million compared to net income of $11.6M in the third quarter of 2020.

Truecar 113

Truecar .Net Los Angeles Angel 113

socalTECH

AUGUST 30, 2016

The Tech Coast Angels , Southern California's biggest angel investment group, says its performance record and returns on its investments are higher than the average angel, in nearly all categories, based on a new academic study. average of all angels. According to the TCA, it had a 3.3x in active investments.

Tech Coast Angels 133

Tech Coast Angels Angel Truecar Southern California 133

socalTECH

AUGUST 7, 2015

Scott Painter , the CEO of Los Angeles-based auto purchasing service TrueCar , said Thursday that he will be stepping down as CEO of the company by the end of the year. Painter has been CEO of the company since he founded TrueCar in 2005.

Truecar 100

Truecar Pricing Los Angeles Services 100

Both Sides of the Table

FEBRUARY 9, 2013

I researched the pricing of the car at TrueCar – not because we’re an investor – but because it gives you complete price transparency over what other people in your area paid for a car. It’s taking company resources – usually funded by angels or VCs – for personal gain. As many air bags as possible.

Conference 398

Conference Technical Review Truecar Software Review 398

socalTECH

JANUARY 17, 2014

Other large deals included United Capital Financial Partners ($38.0M); Achates Power ($35.2M); TrueCar ($30.0M); and JustFab (also $30.0M). Los Angeles led the region with $309.79M in total investments for Q4 of 2013, with San Diego ($145.0M) and Orange County ($143.6M) with nearly the same venture investment toal.

Southern California 246

Southern California Venture Capital Orange County Tech Coast Angels 246

Both Sides of the Table

OCTOBER 8, 2014

Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. Many people don’t realize that the majority of the monetization of the Internet originated in Los Angeles but was perfected in Silicon Valley. LA By The Numbers.

Entrepreneur 376

Entrepreneur Snapchat Startup Google 376

TechCrunch LA

JULY 10, 2019

Fair was founded in 2016 by an all-star team made up of automotive, retail and banking executives including Scott Painter, former founder and CEO of TrueCar. Even car makers are looking at different ways to move vehicles from dealer lots.

Services 212

Services Truecar Sales Blogging 212

socalTECH

NOVEMBER 19, 2013

Chance Barnett , Crowdfunder (Los Angeles, crowdfunding). Allison Beal , StyleSaint (Los Angeles, fashion). James Borow and Clark Landry (shared position), SHIFT (Los Angeles, Santa Monica, advertising). Josh Brooks , OnTheRunTech.com dba Post Cards On The Run (Los Angeles, mobile apps).

Southern California 279

Southern California SoCalTech Dollar Shave Club Santa Monica 279

socalTECH

NOVEMBER 2, 2011

Los Angeles-based venture capital firm GRP Partners is looking to raised $250M in its newest fund, GRP IV L.P., GRP's investments include TrueCar, GOGII, Ad.ly, GumGum, among others. according to a regulatory filing from the firm this week. GRP last closed on a fund--GRP III, L.P. GRP last closed on a fund--GRP III, L.P.--in

Gogii 162

Gogii GRP Partners Funding Truecar 162

socalTECH

AUGUST 21, 2012

Los Angeles-based BUZZMEDIA , the digital media publisher behind Celebuzz, Sterogum, Idolator, and a host of other music-focused blogs, said Monday that it has named Stephen Hansen as President of the firm. Hansen was most recently President and COO of TrueCar. Hansen also served at such companies as GeoCities, WePlay, and KPMG.

Truecar 140

Truecar Yahoo Blogging Los Angeles 140

socalTECH

JANUARY 27, 2011

Santa Monica-based Anthem Venture Partners has scored two exits in the last week, as Los Angeles-based Demand Media hit a homerun with its IPO Wednesday, and San Diego-based Plixi was acquired by Lockerz Thursday. Anthem is one of the more active local investors, and has recently backed BeachMint, CocoDot, and TrueCar, among other firms.

Anthem 154

Anthem Truecar Santa Monica San Diego 154

Both Sides of the Table

JUNE 8, 2014

Cincinnati, like many startup communities in the US over the past 5 years, has revitalized important regions in its urban core, created accelerators, built co-working facilities, pooled together angel capital, attracted VCs, involved educational institutions and solicited the help of important corporations in a more cohesive ecosystem.

Startup 390

Startup Venture Capital Capital Funding 390

socalTECH

NOVEMBER 16, 2012

1366% Carlsbad Hany Massarany 99 TrueCar, Inc. 1193% Santa Monica Scott Painter 116 Network Solutions Provider 1001% Long Beach Phillip Walker 119 BlackLine Systems Software 973% Los Angeles Therese Tucker 131 Kotura, Inc. 191% Los Angeles Thomas A. 129% Los Angeles David Hagan. Lewis 91 Halozyme Therapeutics, Inc.

Southern California 242

Southern California Marina Del Rey El Segundo San Diego 242

socalTECH

MARCH 6, 2013

It's also a big win for Brogger, who started SharesPost to help angel investors, venture capital investors, and founders in private company find liquidity, in a market which had been starved for IPOs. Brogger was at CarsDirect with Scott Painter, who heads up TrueCar. SharesPost is now up in San Bruno. READ MORE>>.

CarsDirect 170

CarsDirect Marketing Incubator Truecar 170

socalTECH

FEBRUARY 10, 2011

The Los Angeles Venture Association (LAVA) held its annual awards event last night, honoring former Los Angeles Mayor Richard Riordan, as well as local, venture backed companies in a banquet last night at the Luxe hotel in Los Angeles. Other finalists were Clicker.com , Truecar , and Zumbox.

LAVA 166

LAVA Zumbox Technology ReachLocal 166

socalTECH

SEPTEMBER 20, 2010

Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. Internet Brands had gone public just three years ago.

Internet Brands 190

Internet Brands Westlake Village Woodland Hills Beverly Hills 190

Both Sides of the Table

NOVEMBER 13, 2014

billion IPO), HealthDataInsights (Las Vegas, $400 million) as well as LA (Maker Studios $1 billion, TrueCar $1.3 She has been in operations in Seattle and Los Angeles. But some of our largest investments have come from all across the country: BillMeLater (Baltimore, $1 billion eBay), DealerTrack (NYC, $1.3

Venture Capital 408

Venture Capital Startup Outsource Development CitySearch 408

socalTECH

DECEMBER 16, 2014

Los Angeles-based venture capital investment firm Upfront Ventures announced this morning that it has raised a fifth fund, worth $280M. According to the firm, the new fund will target early-stage technology investments, and will split half of the dollars in the fu between Los Angeles and the other half in investments nationally.

Funding 133

Funding Truecar Los Angeles Venture Capital 133

socalTECH

AUGUST 25, 2017

Los Angeles-based MANDT VR , an augmented reality and virtual reality production company, said on Thursday that it has named Mike Dunn as the company's Chief Technology Officer. Mandt was most recently CIO at VER, and also had previously served as Chief Technology Officer at Time Warner, Hearst Interactive Media and TrueCar.

Chief Technology Officer 124

Chief Technology Officer CIO Truecar Commerce 124

socalTECH

SEPTEMBER 18, 2018

Los Angeles-based Fair --a technology-enabled startup which lets people get access to a car with none of the traditional limitations and handcuffs of a lease--is making it even easier for people to get a car through its service, saying it has started to let drivers choose how much they want to spend each month for a vehicle. READ MORE>>.

Truecar 133

Truecar Startup Los Angeles Capital 133

socalTECH

FEBRUARY 22, 2021

Los Angeles-based NXCR, a new, subscription car startup led by automotive startup veteran Scott Painter, has raised $30M in a seed funding, based on an internal employee email obtained by socaltech. According to the email from Painter, the funding is the company's first external equity financing.

Seed Funding 113

Seed Funding Truecar Funding Southern California 113

Both Sides of the Table

MARCH 12, 2013

He co-founded a prominent accelerator in Los Angeles called MuckerLab , that has produced a number of impressive companies and he mentored more than 20 of them. In 2011 the company was sold to Nordstrom for $270 million in a deal that has been widely seen as a success for both buyer and seller.

Venture Capital 360

Venture Capital GRP Partners Startup Invest 360

socalTECH

JUNE 27, 2013

Los Angeles-based venture capital investor GRP Partners announced this morning that it has raised a fourth fund, worth $200M, and also renamed the firm Upfront Ventures. The 17-year old firm, which also said it will open up a brand new home at the center of Silicon Beach, signing a 10-year lease for a space on 7th Street in Santa Monica.

GRP Partners 164

GRP Partners Funding CitySearch Venture Capital 164

socalTECH

NOVEMBER 7, 2011

That's something which Los Angeles-based VroomGirls (www.vroomgirls.com) is looking to change--with the backing of sponsors like Toyota, Ferrari, and Lamborghini. You've also got a deal with TrueCar, correct? We did a bunch of research into services like TrueCar, and how they presented things, played with those services, and so on.

Truecar 204

Truecar Writing Edmunds Sites 204

socalTECH

AUGUST 10, 2016

Los Angeles-based subscription box service Loot Crate said today that it has hired its first CTO, John Williams. Williams was most recently at TrueCar, where LootCrate said he created the unified data platform and technology strategy behind the company. Downey Ventures, M13, and SterlingVC.

CTO Hire 100

CTO Hire Lootcrate Downey Chief Technology Officer 100

socalTECH

OCTOBER 25, 2017

The event--headed up by Silicon Valley Bank (www.svb.com)--a sponsor of socaltech--was also sponsored by ZEFR , TrueX , Deep Current , The Bouqs , Hawke Media , Headspace , Mitu , Two Bit Circus , TrueCar , Embark Ventures , Aspiration , Full Stack Finance , plus LogoWorks , Cava , and NationBuilder.

Truecar 113

Truecar SoCalTech Company Companies 113

socalTECH

OCTOBER 23, 2017

Los Angeles-based Fair , the automotive startup led by serial entrepreneur Scott Painter, has raised nearly $1 billion in a strategic funding, led by BMW i Ventures, along with Penske Automotive Group, Sherpa Capital, and others. The funding also included other, un-named strategic investors.

Truecar 100

Truecar Funding Los Angeles Capital 100

TechCrunch LA

APRIL 14, 2014

” The recent acquisitions of Maker Studios and Oculus VR, as well as the planned public offering for TrueCar that’s finally going through, all point to a healthy investment ecosystem, but there’s still one industry that rules over… Read More.

Truecar 100

Truecar Entertainment Venture Capital Acquisition 100

socalTECH

JULY 7, 2009

Zag has previously received venture capital from such firms as Anthem Ventures, GRP Partners, the Tech Coast Angels, Capricorn Management, Capital One, and Arcturus Capital. Painter was previously CEO of CarsDirect, and is now involved with such firms as TrueCar and SharesPost. READ MORE>>.

Zag 100

Zag Sales CarsDirect Tech Coast Angels 100

Both Sides of the Table

MARCH 17, 2010

Los Angeles. I believe you can attract people to relocate to Los Angeles but it’s likely that they’ll come from locations other than Northern California. TechCoast Angels backed GreenDot should be a major IPO this year. People either love it our hate it. All the stereotypes and caricatures are overblown.

Company 290

Company Companies Technology Startup 290

socalTECH

JANUARY 30, 2018

Los Angeles-based auto leasing startup Fair , led by startup veteran Scott Painter, has acquired the auto leasing portfolio of Uber , including both vehicles and existing leases, Uber said on Tuesday. Scott Painter was most recently founder and CEO of TrueCar, and prior to that, was founder and CEO of CarsDirect.com. READ MORE>>.

Truecar 100

Truecar Equity Los Angeles Activity 100

socalTECH

MARCH 28, 2016

A new, Los Angeles startup, Pingo Solar --backed by technology veterans Jerry Slavonia, Kang Ahn, and others--said it is about to launch a new service to provide more transparency to the solar industry. Not sure if you're getting the best price on your new solar power system?

Tool 100

Tool CarsDirect Truecar Pricing 100

Both Sides of the Table

FEBRUARY 15, 2011

Los Angeles. There is no region in the country that comes close to having the sheer number of angels & VCs that Silicon Valley has as well as the dollars that flow into the region (40% of all dollars, PwC Moneytree report ). There are no $600 million funds in Los Angeles. Let me use LA as an example.

Venture Capital 313

Venture Capital Southern California Google Startup 313

socalTECH

SEPTEMBER 14, 2016

Here are the venture firms who have been most active in SoCal (Santa Babrara - Los Angeles - Orange County - San Diego) in the last twelve months, based on the number of deals: 1. Local exits: TrueCar, Gravity, Maker Studios. Upfront Partners - 11 deals. Most recent investments: GOAT, cloudvirga, Vemba, LootCrate, Invoca.

Southern California 100

Southern California Dollar Shave Club Lootcrate Orange County 100

Tech Zulu Event

NOVEMBER 14, 2014

SCOTT PAINTERCEO, TrueCar. Kick off what will no doubt be an unforgettable Techweek experience in Los Angeles by joining investors, sponsors and the city’s top startup founders at the Kickoff Party. JANE POYNTERCEO, World View Enterprises. SUSAN PALEYFormer CEO, Beats by Dr. Dre. CHRIS DEWOLFECEO, SGN. UPGRADE NOW.

Santa Monica 92

Santa Monica Commerce Conference Los Angeles 92