TrueCar Links With Capital One On Loan Pre-Qualification
socalTECH
SEPTEMBER 24, 2021
Santa Monica-based TrueCar, which operates a digital marketplace for automobiles, says it has linked with Capital One to offer up pre-qualification for its buyers.
TrueCar Scoops Up $30M From Vulcan Capital
socalTECH
DECEMBER 12, 2013
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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Troy Capital Backs TrueCar Vet's New Startup, Rollick Outdoor
socalTECH
NOVEMBER 9, 2017
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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TrueCar Prices IPO
socalTECH
MAY 16, 2014
Santa Monica-based TrueCar has priced its IPO, saying last night that it will sell 7.8 TrueCar is trading on the NASDAQ Global Select Market as TRUE. truecar true buying service scott painter' million shares of its stock at $9 per share. The pricing was below the company''s earlier, estimated IPO range of $12.00 READ MORE>>.
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TrueCar Files For IPO
socalTECH
APRIL 4, 2014
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 Raises $200M, Acquires Firm
socalTECH
SEPTEMBER 7, 2011
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. READ MORE>>.
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TrueCar Names HR Chief, Plans Recruiting Boost
socalTECH
JULY 15, 2015
Santa Monica-based TrueCar has named a new Chief Human Resources Officer, in an effort to bolster recruiting at the firm. TrueCar said it has named Don Robertson as Executive Vice President, People and Chief Human Resource Officer, as part of a stepped up talent search for the company. He also has served at GE Capital Corp.,
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TrueCar Gets Investment from Guthy-Renker
socalTECH
APRIL 5, 2011
Santa Monica-based TrueCar , the online car pricing site headed by Scott Painter, has scored a new, equity investment and partnership with direct marketing firm Guthy-Renker , the firm announced today. Financial terms of the investment were not disclosed. READ MORE>>.
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TrueCar Backed By Another Investor
socalTECH
OCTOBER 11, 2011
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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124 TrueCar Launches New Pricing Tool
socalTECH
SEPTEMBER 3, 2010
TrueCar said that it has launched a Best Local Price tool, which will allow car shoppers to search for the best local deals on a vehicle. According to TrueCar, the firm said that the search tool will provide a "Lowest Certified Price" for a car, a no-haggle price which will be honored by participating dealers in its program.
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Reflections on 2020: Kelly Perdew, Moonshots Capital
socalTECH
DECEMBER 22, 2020
Today, we have Kelly Perdew , Co-founder and General Partner of Moonshots Capital. This year ushered in the successful launch our second fund at Moonshots Capital, further validating our thesis that investing in extraordinary leadership produces exceptional companies. Are you a founder, CEO, or investor who would like to participate?
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124 Reflections on 2019: Kelly Perdew, Moonshots Capital
socalTECH
DECEMBER 23, 2019
Today, we share the thoughts of Kelly Perdew , the founder and Managing Director of Moonshots Capital (www.moonshotscapital.com). We also had our first exit for Moonshots Capital Fund 1 --Threatcare. At the same time, more capital continues to be raised in LA. Kelly Perdew is the managing general partner of at Moonshots Capital.
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Zag Spins Out TrueCar
socalTECH
SEPTEMBER 10, 2008
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 Officially Launches Car Pricing Site
socalTECH
APRIL 27, 2009
Santa Monica-based TrueCar has officially launched its new car pricing site today, saying that it is now providing consumers with details on the prices paid for people on cars in their area. TrueCar is venture backed by Zag, Anthem Venture Partners, Global Retail Partners, Capricorn, Capital One Auto Finance, and Arcturus Capital.
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100 Fair Boosts Executive Team
socalTECH
AUGUST 5, 2019
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>>.
Los Angeles Venture Investors Get Their Mojo Back
socalTECH
APRIL 7, 2014
The IPO of education company 2U also greatly benefited Los Angeles, with the company''s extensive operations in LA, plus backing from former Redpoint Ventures'' (now Archer Capital) investor Greg Martin. investment investor capital venture angeles' READ MORE>>.
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This Week in VC – Scott Painter, CEO of Zag & TrueCar
Both Sides of the Table
JULY 1, 2010
The consumer product they’ve created is called TrueCar. Company plans to use the capital to build out sales and marketing and r&d. -a led by Altos Ventures and Maverick Capital, with Larry Braitman. Current round: $7.0mm Series-B led by MK Capital, withClearstone Venture Partners and Shasta Ventures.
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Fair Launches New Adjustable Payments For Cars
socalTECH
SEPTEMBER 18, 2018
Fair is the latest venture of Scott Painter, the serial entrepreneur behind TrueCar. The company is venture backed by Javelin Venture Partners, Charles River Ventures, Foundation Capital, Sherpa Capital, Moonshots Capital, and others. READ MORE>>.
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133 Fair Raises $16M, Launches Online Car Shopping, Financing App
socalTECH
SEPTEMBER 7, 2017
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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NXCR, Led By Scott Painter, Scores $30M In Seed Funding
socalTECH
FEBRUARY 22, 2021
Painter has a long history in Southern California's technology industry, and previously founded such companies as Fair, TrueCar, SharesPost, and others. The funding came from such investors as Reid Hoffman and Mark Pincus, per the leaked email.
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113 The future of car ownership: Cars-as-a-service
TechCrunch LA
JULY 10, 2019
Fair was founded in 2016 by an all-star team made up of automotive, retail and banking executives including Scott Painter, former founder and CEO of TrueCar. Even car makers are looking at different ways to move vehicles from dealer lots.
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212 Fair Raises Nearly $1 Billion In Strategic Funding Round
socalTECH
OCTOBER 23, 2017
Los Angeles-based Fair , the automotive startup led by serial entrepreneur Scott Painter, has raised nearly $1 billion in a strategic funding, led by BMW i Ventures, along with Penske Automotive Group, Sherpa Capital, and others. The funding also included other, un-named strategic investors.
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Southern California Startups Raise More Than $598.4M In VC In Q4
socalTECH
JANUARY 17, 2014
Southern California''s venture capital investments totaled a little more than $598.4M in the fourth quarter, according to the latest number from PricewaterhouseCoopers and the National Venture Capital Association, in its MoneyTree report. There were 84 venture capital deals for the quarter. was invested in the region.
GRP Partners Hits $148.6M In New Fund, GRP IV
socalTECH
OCTOBER 31, 2012
GRP Partners , the venture capital firm managed by Steven Dietz, Brian McLoughlin, Yves Sisteron, and Mark Suster, seems to be making good progress on its newest fund, GRP IV, according to a regulatory filing from the firm filed Wednesday. The regulatory filing indicates GRP has raised $148.6M READ MORE>>.
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Upfront Ventures Raises New Fund Worth $280M
socalTECH
DECEMBER 16, 2014
Los Angeles-based venture capital investment firm Upfront Ventures announced this morning that it has raised a fifth fund, worth $280M. Upfront''s most recent successful exits have included Maker Studios, TrueCar, Gravity, and Burstly. READ MORE>>. investor stage early investment fund venture upfront'
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Fair.com Acquires Uber's Leasing Portfolio
socalTECH
JANUARY 30, 2018
Fair-- backed by more than $1 billion in funding from such investors as BMW i Ventures, Penske Automotive Group, Sherpa Capital, and others, operates a service which helps people gain access to a car, which they pay for using monthly payments, with no long term commitments. for drivers seeking vehicle access for 30 days or longer.
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100 GRP Targets $250M In New Fund, GRP IV
socalTECH
NOVEMBER 2, 2011
Los Angeles-based venture capital firm GRP Partners is looking to raised $250M in its newest fund, GRP IV L.P., GRP's investments include TrueCar, GOGII, Ad.ly, GumGum, among others. according to a regulatory filing from the firm this week. GRP last closed on a fund--GRP III, L.P. GRP last closed on a fund--GRP III, L.P.--in
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How Fair, Scott Painter's New Startup, Is Creating A New Model For Car Ownership
socalTECH
SEPTEMBER 19, 2017
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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124 Forbes Midas List Skips SoCal, Again
socalTECH
MARCH 24, 2016
In what has been a familiar refrain, the annual Midas List ranking by Forbes Magazine of the most influential venture capitalists has completely skipped Southern California's venture capital community, although it did credit the position of at least four of the VCs on the list to their investments in Southern California startups, and highlighted Ashton (..)
GRP Partners Raises New $200M Fund, Becomes Upfront Ventures
socalTECH
JUNE 27, 2013
Los Angeles-based venture capital investor GRP Partners announced this morning that it has raised a fourth fund, worth $200M, and also renamed the firm Upfront Ventures. upfront ventures partners venture capital fund startup msuster suster launchpadla' READ MORE>>.
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164 SharesPost Hooks Up With NASDAQ On Private Shares Market
socalTECH
MARCH 6, 2013
It's also a big win for Brogger, who started SharesPost to help angel investors, venture capital investors, and founders in private company find liquidity, in a market which had been starved for IPOs. Brogger was at CarsDirect with Scott Painter, who heads up TrueCar. SharesPost is now up in San Bruno. READ MORE>>.
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170 RightSignature Takes VentureNet Prize
socalTECH
OCTOBER 7, 2009
VentureNet, which is put on by the Technology Council of Southern California, included keynotes by Kelly Perdew of Rotohog and Zorik Gordon of ReachLocal, plus capital presentations from Cyber-Rain, FlipGloss Media, Viewdle, Social Approach, Ad.ly, Zadspace, RightSignature, Cogi, YouMail, ExpenseBay, AffordIt.com, SharesPost, and TrueCar.
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Fair Finds $385M For Auto Service
socalTECH
DECEMBER 20, 2018
Painter, Fair's CEO and founder, was previously CEO and founder of TrueCar. Fair acquired Uber's leasing business back in December of 2017, and now offers the same access to vehicles to ridesharing drivers on Uber, directly through the Uber app. READ MORE>>.
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Here's Who Is Funding Companies In Southern California Today
socalTECH
SEPTEMBER 14, 2016
It's often tough to figure exactly who the venture capital funds are who are funding startups in the area. Local exits: TrueCar, Gravity, Maker Studios. Are you a startup looking to find funding in Southern California? However, for members of socaltech.com, it's a click away with our real time analysis of venture funding flows.
Spotlight Ticket Management Gains $2.5M
socalTECH
OCTOBER 27, 2010
Santa Monica-based TrueCar , the online car pricing site run by Scott Painter, said today that it has named Stephen Hansen as the firm's new President and COO. Tags: truecar executive president automobile pricing. Hansen has also been at Universal Studios and KPMG. Hansen has also been at Universal Studios and KPMG. READ MORE>>.
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140 Tech Coast Angels: We Have Higher Returns Than Angel Averages
socalTECH
AUGUST 30, 2016
Among the TCA's highest profile exits have been the IPOs of Mindbody, CytomX, TrueCar, Vital Therapies, Trius Therapeutics, and Green Dot. in active investments. The TCA said that compared favorably with the 2.5x average of all angels. The company said the highest returns have been two companies with a 110x return, and another at 70x.
Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?
Both Sides of the Table
OCTOBER 8, 2014
Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly. billion in venture capital to LA’s technology startups and 2014 will shatter that figure. Both are massively funding other LA tech companies through what Fred Wilson once defined as “recycled capital.”
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How to Kick Start Your Community’s Startup Scene
Both Sides of the Table
JUNE 8, 2014
Cincinnati, like many startup communities in the US over the past 5 years, has revitalized important regions in its urban core, created accelerators, built co-working facilities, pooled together angel capital, attracted VCs, involved educational institutions and solicited the help of important corporations in a more cohesive ecosystem.
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Entertainment Deals Take Center Stage In LA’s Burgeoning VC Scene
TechCrunch LA
APRIL 14, 2014
” The recent acquisitions of Maker Studios and Oculus VR, as well as the planned public offering for TrueCar that’s finally going through, all point to a healthy investment ecosystem, but there’s still one industry that rules over… Read More.
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100 LAVA Honors Richard Riordan, Local Technology Firms
socalTECH
FEBRUARY 10, 2011
LAVA inducted Mayor Riordan--who had a long and involved career in venture capital and private equity before his efforts in politics--into its LAVA Hall of Fame. The group, which promotes the venture capital industry in the Los Angeles area, also honored local companies for their funding and exit activity.
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Upfront Ventures Raised New $280 Million Fund
Both Sides of the Table
DECEMBER 16, 2014
We’ve been dying to tell you all for a while that we had raised a new venture capital fund and of course given SEC filing requirements the story was somewhat already scooped by the always-in-the-know Dan Primack a few weeks ago. Will our strategy change now that we have 40% more capital? . Why do they invest in venture capital?
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Anthem Ventures Gets Second Exit In A Week
socalTECH
JANUARY 27, 2011
Anthem is one of the more active local investors, and has recently backed BeachMint, CocoDot, and TrueCar, among other firms. READ MORE>>.
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154 Zag: "Strongest Sales So far This Year"
socalTECH
JULY 7, 2009
Zag has previously received venture capital from such firms as Anthem Ventures, GRP Partners, the Tech Coast Angels, Capricorn Management, Capital One, and Arcturus Capital. Painter was previously CEO of CarsDirect, and is now involved with such firms as TrueCar and SharesPost. READ MORE>>.
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SharesPost Raising $3.3M
socalTECH
FEBRUARY 8, 2011
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. In a regulatory filing Wednesday, the company--which had been spawned out of the spawned out of Scott Painter's BrighHouse incubator--said it had raised $3.3M
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