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Santa Monica-based TrueCar , the automotive pricing site run by Scott Painter, said today that it has acquired Honk.com , an automotive socialmedia website. Financial terms of the buy were not disclosed.
in the quarter and socialmedia darling Snapchat raised $50.0M. Other large deals included United Capital Financial Partners ($38.0M); Achates Power ($35.2M); TrueCar ($30.0M); and JustFab (also $30.0M). The largest financing deals in the quarter were for Irvine-based virtual reality goggle maker Oculus VR , which raised $74.3M
GRP Partners--which has invested in such successes as Overture, CitySearch, BillMeLater, DealerTrack, and others, and is currently an investor in Maker Studios, TrueCar, Burstly, and others--said it decided to change its branding as venture capital has changed.
Scott Painter , founder of CarsDirect has created TrueCar (backed by GRP Partners). Each of these companies exited for more than $500 million and several north of $1 billion. Zorik Gordon built & IPO’s ReachLocal. Douglas Merrill, the former CIO of Google, is building his next company, ZestCash in LA. Brett Brewer has AdKnowledge.
The event also showcased a variety of promising startups from digital media, mobile, cloud, entertainment, advertising, and eCommerce. Presenting companies included: Add This, Cognitive Networks, TrueCar, Trunk Club, Invidi, ID.me, Datacratic, BeyondCORE, ParkMe and many more. Party Wave Award – SocialMedia, Content and Distribution.
. “Let us come together and celebrate…” The mashup theme was reflected in the SBF programming, which included panels highlighting accelerators, VCs, startups, developers, movies, TV, music, web content, art, fashion, social good, surf & skate, and more. Many also use low-cost socialmedia to promote.
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