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NXCR, Led By Scott Painter, Scores $30M In Seed Funding

socalTECH

Los Angeles-based NXCR, a new, subscription car startup led by automotive startup veteran Scott Painter, has raised $30M in a seed funding, based on an internal employee email obtained by socaltech. According to the email from Painter, the funding is the company's first external equity financing.

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

socalTECH

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.

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TrueCar's Scott Painter On Entrepreneurship And IPOs

socalTECH

Very few Southern California startups make it from seed funding all the way up through an IPO, and rarely do they do so with their original founder. One of Southern California''s big success stories -- from startup, to venture funding, and a recent IPO--is Los Angeles-based TrueCar , which had its IPO in May. READ MORE>>.

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Fair Raises $16M, Launches Online Car Shopping, Financing App

socalTECH

According to Fair, its $16M Series Seed funding round was led by Javelin Venture Partners, and also included Charles River Ventures, Foundation Capital and Sherpa Capital. The company also says it is in the midst of a Series A-1 financing being led by BMW i Ventures. READ MORE>>.

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How Fair, Scott Painter's New Startup, Is Creating A New Model For Car Ownership

socalTECH

Painter, who was previously CEO and founder of TrueCar, and has a long history in the automotive purchasing and financing industry, sat down with us to discuss Fair, what he learned at TrueCar, and how he hopes Fair will transform the auto industry. What lessons did you learn from TrueCar, which are you are applying here?

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