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Zag Raises Funding

socalTECH

Santa Monica-based Zag , which has developed an automobile configuration and buying service for affinity organizations like credit unions and automobile organizations, has a funding round of undisclosed size. The spokesperson for Zag said that the firm is "not quite ready to make that announcement" and would not releas details until later.

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Zag Raises $32.4M

socalTECH

Santa Monica-based Zag , which has developed an automobile configuration and buying service for affinity organizations like credit unions and automobile organizations, has raised around $32.4M A spokesperson for Zag told socalTECH that a round had closed, but would not confirm the investors or details of the round. in a funding round.

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Zag Gets Investment From USAA

socalTECH

Los Angeles-based Zag , the online car buying software firm headed by former CarsDirect CEO Scott Painter, has scored an investment from financial services firm USAA , USAA disclosed Thursday. According to USAA, it is taking an equity position in Zag, which is also providing the firm with its car buying services. READ MORE>>.

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Zag: "Strongest Sales So far This Year"

socalTECH

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. The firm did not say what drove the growth, and did not provide any financial details on its sales or profitability.

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SoCal Angel Roundup – Tech Coast Angels

Tech Zulu Event

Tech Coast Angels is the largest angel investor group in the US, with nearly 300 members and $100M personally invested in startups over the last decade. And in recent years, they’ve been involved in some interesting SoCal startups such as Zag, SodaHead, and Vokle. Visit TechZulu for full story.

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What Angel Investing & Florida Condos Have in Common

Both Sides of the Table

It’s really hard to zig when the whole world seems to be zagging. The dinner parties now are filled with self-righteous angel investors bragging about how many deals they are in on. Logic tells me the following: It is hard to make money angel investing. And now everybody is an angel. It has always stood with me.

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TrueCar Launches Mobile Site

socalTECH

Los Angeles-based TrueCar , the online car pricing site run by Scott Painter, said today that it has launched a mobile version of its site. TrueCar is a spinout of Zag Automotive, which is also run by Painter. According to the company, the new site runs on Apple iPhone, BlackBerry, and other web-enabled mobile devices. READ MORE>>.

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