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September 7, 2011 01:23 pm GMT
TrueCar, which publishes real-time vehicle transaction data in the US market for both new and used cars, has secured over $200 million in debt and equity financing to grow the business and explore acquisitions.TrueCar was one of the finalists of our TechCrunch50 conference back in 2008.The capital injection comes from existing investors USAA, Capricorn Investment Group, GRP Partners and Silicon Valley Bank (which provided the debt funding). New investors include Keating Capital, GSV Asset Management, Passport Capital, McCombs Enterprises, Allen & Company and International Investment House along with strategic investors Guthy Renker and DealerTrack.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_R-OoONkjeg/
Car Price Comparison Company TrueCar Raises $200M+, Gears Up For IPO
TrueCar, which publishes real-time vehicle transaction data in the US market for both new and used cars, has secured over $200 million in debt and equity financing to grow the business and explore acquisitions.TrueCar was one of the finalists of our TechCrunch50 conference back in 2008.The capital injection comes from existing investors USAA, Capricorn Investment Group, GRP Partners and Silicon Valley Bank (which provided the debt funding). New investors include Keating Capital, GSV Asset Management, Passport Capital, McCombs Enterprises, Allen & Company and International Investment House along with strategic investors Guthy Renker and DealerTrack.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/_R-OoONkjeg/
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