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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 TrueCar is trading on the NASDAQ Global Select Market as TRUE. truecar true buying service scott painter' million shares of its stock at $9 per share. The pricing was below the company''s earlier, estimated IPO range of $12.00

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TrueCar Files For IPO

socalTECH

Santa Monica-based TrueCar has filed for an IPO, saying Friday that it is looking to raise up to $125M on the NASDAQ Global Select Market as TRUE. TrueCar--which is led by Scott Painter--is backed by USAA, Capricorn Investment Group, Upfront Ventures, Anthem Ventures, Vulcan Capital Growth Equity, and Peppy Capital Partners.

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TrueCar Gets Investment from Guthy-Renker

socalTECH

Santa Monica-based TrueCar , the online car pricing site headed by Scott Painter, has scored a new, equity investment and partnership with direct marketing firm Guthy-Renker , the firm announced today. Financial terms of the investment were not disclosed. READ MORE>>.

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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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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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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

The speaks to the continued confidence in the venture capital markets and as I had predicted some time ago the VC markets right now are a great place to invest – especially relative to other places to put one’s money. But on a relative basis we feel blessed. Who gave you the money?

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Here's Who Is Funding Companies In Southern California Today

socalTECH

Local exits: TrueCar, Gravity, Maker Studios. Most recent investments: Zingle, Thrive Market, Fluent, Comparably. 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. Upfront Partners - 11 deals.