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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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TrueCar Scoops Up $30M From Vulcan Capital

socalTECH

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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Zag Spins Out TrueCar

socalTECH

Santa Monica-based Zag, the online car buying software firm headed by former CarsDirect CEO Scott Painter, has spun out a new company called TrueCar, the firm said late Wednesday. According to TrueCar, it will provide information about new car pricing, using the actual price people have paid for cars.

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TrueCar Backed By Another Investor

socalTECH

Another investor has surfaced in the latest funding round for Santa Monica-based TrueCar , the online automotive pricing and research firm headed by Scott Painter. According to Colorado-based Keating Capital, it participated in a $50M, common stock financing round in TrueCar which closed on September 26th. READ MORE>>.

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

Both Sides of the Table

The consumer product they’ve created is called TrueCar. But more importantly we talked in the video about fund raising and how Scott has become so efficient at it. -Palantir’s products are used for integrating, visualizing, and analyzing multiple large datasets. Investing much of new cash to build presence in Android platform.

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GRP Targets $250M In New Fund, GRP IV

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Los Angeles-based venture capital firm GRP Partners is looking to raised $250M in its newest fund, GRP IV L.P., According to the filing, the fund is being managed by Steven Dietz, Brian McLoughlin, Yves Sisteron, and Mark Suster, and has just started fundraising efforts. GRP last closed on a fund--GRP III, L.P.--in

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Troy Capital Backs TrueCar Vet's New Startup, Rollick Outdoor

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Santa Monica-based Troy Capital Partners , a new venture investment firm led by Josh Berman, Brian Sullivan, and Samit Varma, has backed a veteran of TrueCar for a new startup called Rollick Outdoor. Rollick Outdoor is based in Austin, where Brenner was based while at Santa Moinca-based TrueCar. READ MORE>>.

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