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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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NextCar, Led By Scott Painter, Gears Up For Launch With Exec Team

socalTECH

Santa Monica-based NextCar, the newest automotive-focused startup led by startup veteran Scott Painter, is gearing up for the launch of the company, saying this week that it has named a senior management team.

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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

Local exits: TrueCar, Gravity, Maker Studios. a month, and which gives you access to this information, company profiles, contact names, and much more for local technology companies, venture investors from around the world, private equity, angel investors, and many others. Upfront Partners - 11 deals. READ MORE>>.

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Fair.com Acquires Uber's Leasing Portfolio

socalTECH

The company said that Fair is acquiring Uber's lease portfolio using both equity and debt funding, which was secured in Fair's recent funding round. Scott Painter was most recently founder and CEO of TrueCar, and prior to that, was founder and CEO of CarsDirect.com. for drivers seeking vehicle access for 30 days or longer.

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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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