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Zag Raises $11.1M More

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Santa Monica-based Zag , the online auto buying software firm headed by Scott Painter, has raised $11.1M in a new equity funding round, according to a regulatory filing by the firm Tuesday afternoon. Zag said in March that it had sold 100,000 cars, and has been profitable since August of 2009. READ MORE>>.

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Zag Gets Investment From USAA

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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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SharesPost Ties With Advanced Equities

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Santa Monica-based SharesPost.com , which recently launched a marketplace for private company shares, said Wednesday that the firm has inked a deal with Advanced Equities. SharesPost is the most visible startup so far out of BrightHouse, the business incubator founded by Greg Brogger and Scott Painter, who are also behind Zag Automotive.

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SharesPost Launches Private Equity Marketplace

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Santa Monica-based SharesPost , a new startup out of Scott Painter's BrightHouse incubator, said Tuesday morning that the firm has launched on online platform which will match buyers and sellers of private equity. Tags: brighthouse painter scott marketplace stock private equity sharespost. READ MORE>>.

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SharesPost Raising $3.3M

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in an equity funding round. Scott Painter is the CEO of TrueCar/Zag, and was also previously CEO of CarsDirect, and has been incubating a number of companies out of his Santa Monica-based BrightHouse incubator. No details on that funding have been announced by the company. SharesPost had originally been based in Santa Monica.

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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

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Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. Internet Brands had gone public just three years ago.

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SoCal Investments Totals Around $700M In Q1

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However, the totals for the quarter were significantly boosted by PIPE (private investment in public equity) deals in San Diego, which were included in the analysis due to the venture capital firms involved. However, venture funding totals were still well off the first quarter of 2008's nearly $1.2 billion in funding.