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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 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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Fair Boosts Executive Team

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Trinidad previously served at Google and Discovery Networks; Wilkinson was previously a venture capitalist at Exponential Partners--one of Fair's early investors; and Pierantoni was previously Chief Accounting Officer and Chief Financial Officer at TrueCar. READ MORE>>.

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Southern California Startups Raise More Than $598.4M In VC In Q4

socalTECH

Southern California''s venture capital investments totaled a little more than $598.4M The investments were a drop from Q4 of 2012, $711.8M was invested in the region. billion was invested across Southern California''s technology industry. billion was invested in 1,077 deals nationally. For Q4, $8.4

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Upfront Ventures Raises New Fund Worth $280M

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Los Angeles-based venture capital investment firm Upfront Ventures announced this morning that it has raised a fifth fund, worth $280M. According to the firm, the new fund will target early-stage technology investments, and will split half of the dollars in the fu between Los Angeles and the other half in investments nationally.

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Loot Crate Names CTO

socalTECH

Williams was most recently at TrueCar, where LootCrate said he created the unified data platform and technology strategy behind the company. Williams also has served at Preventsys, where he was Chief Technology Officer and co-founder. Downey Ventures, M13, and SterlingVC. Downey Ventures, M13, and SterlingVC. 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. Danish VOIP technology company founded in 2006 by entrepreneur Tanveer Sharif. Investing much of new cash to build presence in Android platform. While Zag is not a dealer if you measured it in terms of cars sold it would be in the top 5 auto dealers in the country.

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