Tuesday, October 11, 2011

Keating Capital Backs TrueCar

Greenwood Village-based investor Keating Capital said today that it has invested $3M in TrueCar, a provider of online research and pricing information for new and used cars based in Southern California. Keating Capital said the common stock investment came as part of a $50M common stock financing round which closed on September 26th. Keating Capital said the investment its its ninth new portfolio company it has invested in this year, and that it has now invested $31.4M across 13 companies.