Monday, November 23, 2015TrueCar Names New CEOSanta Monica-based online car buying startup TrueCar announced today that it has named Chip Perry, the former CEO of AutoTrader.com, as its new President and CEO. According to TrueCar, Peery will take the reigns at the company effective December 15th, taking over from TrueCar founder Scott Painter, who is stepping down from the company. Painter also leaves the company's board and steps down as chairman. Perry was the first employee of AutoTrader.com, joining the company in 1997, and becoming CEO (More info...)
posted on Monday, November 23, 2015(Full story)
Dollar Shave Club Ups Funding Round To $90.7MLos Angeles-based Dollar Shave Club, the subscription razor delivery startup led by Michael Dubin, has upped its latest funding round to $90.7M, and is aiming at raising over $100M, according to a regulatory filing by the company. The additional funding is on top of $75M raised by the startup in June, as part of the same round. Details on the additional funding in the round were not annoucned.
posted on Monday, November 23, 2015(Full story)
NexGenic Launches Medical Imaging App For PatientsWestlake Village-based nexGenic, a developer of healthcare software, said this morning that it has launched a new, mobile app, which helps patients transfer and store medical images and diagnostic reports. The company said its new ImageInbox mobile app runs on Android OS and iOS, and lets users store radiology images and diagonstic reports in a HIPAA-compliant way. The company said the app is free for users, and that it charges providers for image exchange over a certain monthly volume of image (More info...)
posted on Monday, November 23, 2015(Full story)
StartEngine, Elio Motors Get Nod On $25M Crowdfunding EffortLos Angeles-based StartEngine, which got its start as a startup accelerator but is now focused on offering up a platform for companies to raise equity crowdfunding, said Friday that a $25M crowdfunding effort by Elio Motors has been qualified by the SEC using its platform. StartEngine said the qualification will allow Elio Motors to find inevstors from nonaccredited investors on StartEngine. StartEngine said Elio Motors is one of the first companies on StartEngine's platform to issue equity shar (More info...)
posted on Monday, November 23, 2015(Full story)
EDF Renewable Energy Sells Stake In Wind Project To BlackRockSan Diego-based renewable power developer EDF Renewable Energy said Friday that it has sold a 50 percent interest in its 194MW, Spinning Spur 3 Wind Project, to a fund managed by BlackRock. Financial size of the deal was not disclosed. The two said that the sale went to a fund managed by BlackRock's Infrastructure Investment Group, and is the third of five agreements between the two involving EDF Renewable Energy's wind projects. The project is located in Texas. EDF Renewable Services is providi (More info...)
posted on Monday, November 23, 2015(Full story)