Thursday, December 12, 2013

Vulcan Capital Backs TrueCar

Paul Allen's invest firm, Vulcan Capital, has backed online car buying site TrueCar, the startup said today, saying it has raised $30M from Vulcan as part of the firm's new growth equity fund. TrueCar--which is based in Southern California--operates an online website and provides technology for allowing consumers to purchase automobiles with upfront, no-negotation pricing. The company said the funding will go towards market expansion, product development,a nd brand development. As part of the funding, Vulcan Capital Managing Director Abhishek Agrawal will join TrueCar's borad. More information »