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TrueCar Scoops Up $30M From Vulcan Capital

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Santa Monica-based online car buying technology provider TrueCar said this morning that it has raised $30M in a new round of funding, from Vulcan Capital, the venture funding arm of Microsoft co-founder Paul Allen. TrueCar said the new funds will go towards market expansion, product development, and to build its brand.

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TrueCar Prices IPO

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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

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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. READ MORE>>.

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Reflections on 2019: Kelly Perdew, Moonshots Capital

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Today, we share the thoughts of Kelly Perdew , the founder and Managing Director of Moonshots Capital (www.moonshotscapital.com). What was the biggest news for you/your company this year? We also had our first exit for Moonshots Capital Fund 1 --Threatcare. At the same time, more capital continues to be raised in LA.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

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He calls it his “Tom Sawyer&# company. Scott’s first big foray into industry-changing companies came with CarsDirect, an IdeaLab company where he was the initial founder & CEO. Scott left the company, which eventually IPO’d and became Internet Brands. And it carries no inventory. a fbFund winner.

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Upfront Ventures Raised New $280 Million Fund

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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. If you want to understand how the VC industry is changing there is a great primer in the link.

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Reflections on 2018: Kelly Perdew, Moonshots Capital

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This morning's reflections are from Kelly Perdew , managing general partner of at Moonshots Capital (www.moonshotscapital.com). Raising money as a first-time VC fund is hard.In fact, turns out it is much, much harder than raising money for an early stage company. in 50+ companies through his angel and syndicate deals.

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