Zag Raises Funding

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. TechCrunch has reported the round at $32.4M, however, we have not been able to confirm the amount or investors involved. Zag has previously received funding from Anthem Ventures, Arcturus Capital, Capital One, Capricorn Management, GRP Partners, and the Tech Coast Angels, but it is unclear if any of the investors are involved in this particular round of funding. The firm recently spun out True Car, an automotive pricing information site. More information »