article thumbnail

Zag Raises $11.1M More

socalTECH

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>>.

Zag 154
article thumbnail

Zag Raises Funding

socalTECH

Santa Monica-based Zag , which has developed an automobile configuration and buying service for affinity organizations like credit unions and automobile organizations, has a funding round of undisclosed size. Tags: automobile venture auto capital funding. READ MORE>>.

Zag 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Zag: 100,000 Cars Sold, Profitable

socalTECH

Santa Monica-based Zag , which develops online car buying software, announced Monday that it has hit the 100,000 cars sold mark on its service. Zag, which also says it reached profitability in August 2009, said consumers saved over $350M over MSRP by using its programs. in venture funding. READ MORE>>.

Zag 160
article thumbnail

Zag Spins Out TrueCar

socalTECH

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.

Zag 133
article thumbnail

Zag Raises $32.4M

socalTECH

Santa Monica-based Zag , which has developed an automobile configuration and buying service for affinity organizations like credit unions and automobile organizations, has raised around $32.4M in a funding round. A spokesperson for Zag told socalTECH that a round had closed, but would not confirm the investors or details of the round.

Zag 100
article thumbnail

Zag Powers AAA Service

socalTECH

According to Zag, the firm will provide a turnkey, fully integrated auto buying program for the site, which will offer resources to research and compare vehicles, read AAA editorial reviews, and configure and purchase vehicles. Financial details of the win was not disclosed. READ MORE>>.

Zag 100
article thumbnail

This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

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].

Zag 248