TrueCar Secures up to $200M in Debt and Equity Financing

TrueCar, Inc., a Santa Monica, CA-based publisher of real-time new and used vehicle transaction data, has secured up to $200m in debt and equity financing.

Participants in the financing include:
– existing investors USAA, Capricorn Investment Group and GRP Partners,
– new strategic investors GR Match, LLC, McCombs Family Partners and DealerTrack Holdings, Inc. (NASDAQ: TRAK), and
– new financial investors GSV Capital Corp., Passport Capital, International Investment House and Allen & Company, LLC.
Debt capital is being provided by Silicon Valley Bank.

According to a written statement, a portion of the proceeds will be used to fund the development of new revenue streams, growth and strategic acquisitions.

Founded in 2005 by CEO Scott Painter, TrueCar publishes real-time new ( and used ( vehicle transaction data.
The company recently acquired Automotive Lease Guide (ALG), a source for automotive residual values, from DealerTrack Data Services, a subsidiary of DealerTrack Holdings (NASDAQ: TRAK), and Carperks, a provider of automotive purchasing and leasing programs for over 1,000 U.S. businesses and their employees.

TrueCar has also offices in San Francisco and is hiring (



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