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TrueCar Prices IPO

socalTECH

Santa Monica-based TrueCar has priced its IPO, saying last night that it will sell 7.8 The pricing was below the company''s earlier, estimated IPO range of $12.00 The company raised around $71.1M TrueCar is trading on the NASDAQ Global Select Market as TRUE. truecar true buying service scott painter' READ MORE>>.

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TrueCar Raises $200M, Acquires Firm

socalTECH

Santa Monica-based TrueCar , the automotive pricing website headed by Scott Painter, said this morning that it has raised $200M in new debt and equity financing, plus acquired a company. TrueCar said the financng round included USAA, Capricorn Investment Group and GRP Partners, all existing investors in the firm.

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NXCR, Led By Scott Painter, Scores $30M In Seed Funding

socalTECH

According to the email from Painter, the funding is the company's first external equity financing. Painter has a long history in Southern California's technology industry, and previously founded such companies as Fair, TrueCar, SharesPost, and others.

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Here's Who Is Funding Companies In Southern California Today

socalTECH

It's often tough to figure exactly who the venture capital funds are who are funding startups in the area. Local exits: TrueCar, Gravity, Maker Studios. Are you a startup looking to find funding in Southern California? However, for members of socaltech.com, it's a click away with our real time analysis of venture funding flows.

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Fair.com Acquires Uber's Leasing Portfolio

socalTECH

Fair-- backed by more than $1 billion in funding from such investors as BMW i Ventures, Penske Automotive Group, Sherpa Capital, and others, operates a service which helps people gain access to a car, which they pay for using monthly payments, with no long term commitments. for drivers seeking vehicle access for 30 days or longer.

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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

We’ve been dying to tell you all for a while that we had raised a new venture capital fund and of course given SEC filing requirements the story was somewhat already scooped by the always-in-the-know Dan Primack a few weeks ago. Will our strategy change now that we have 40% more capital? . Insurance Companies.

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Want to Start a Technology Company in LA?

Both Sides of the Table

I was recently interviewed for an article that appeared in Fast Company titled, “ Why you should start a business in LA.&# If you’re interested in the topic it’s worth a read, but I thought I’d elaborate on the topic since it comes up all the time. But we have a great city for building technology companies.

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