Funding Invest Zag 
socalTECH
JUNE 15, 2010
Santa Monica-based Zag , the online auto buying software firm headed by Scott Painter, has raised $11.1M in a new equity funding round, according to a regulatory filing by the firm Tuesday afternoon. Source and details on the funding have not yet been announced by the company. READ MORE>>.
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. All of the venture funders in TrueCar are investors in Zag, and amount of the investment was not disclosed.
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socalTECH
FEBRUARY 5, 2009
Santa Monica-based Zag has finally revealed the total invested in its latest, strategic round of funding, saying Thursday that it raised $37.4M. The round came from USAA, and included Capricorn Investment Group, LLC, GRP Partners and Anthem Venture Partners. READ MORE>>.
socalTECH
JUNE 10, 2009
Zag's technology provides a level of customization and detail on "fleet" style, pre-negotiated sales of autos, down to the accessory level; the firm has deals with USAA, Capital One, Overstock.com, AAA groups, and others to provide its service. over MSRP on their autos. Painter is the former CEO of CarsDirect.com. READ MORE>>.
Both Sides of the Table
JULY 1, 2010
He eventually applied his lessons learned in these experiences when he founded Zag, a company that helps consumers buy cars over the Internet at pre-negotiated prices with nearly 4,000 dealers across the country [disclosure: my firm GRP Partners is an investor in Zag]. Investing much of new cash to build presence in Android platform.
Both Sides of the Table
NOVEMBER 14, 2010
It’s really hard to zig when the whole world seems to be zagging. They have marked-up paper gains propped up by an over excited venture capital market that has validated their investments. Logic tells me the following: It is hard to make money angel investing. It was an investment management class.
socalTECH
APRIL 2, 2009
According to numbers derived from socalTECH's venture database, there was $717.96M invested in Southern California in the first quarter, up from only $465M in Q4 of 2008. However, venture funding totals were still well off the first quarter of 2008's nearly $1.2 billion in funding. billion in funding.
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