Zag.com Garners $37,400,000 Series E Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a52a824e-c685-46c1-8c53-104674fc1a53&Preview=1
Date
2/5/2009
Company Name
Zag.com
Mailing Address
525 Broadway, 3rd Floor Santa Monica, CA 90401
Company Description
Zag is a technology and services company that operates a robust auto shopping, research and pricing technology that allows users to get the information and up-front pricing they need in order to be in control of the process and get a great deal. Zag works closely with a select nationwide network of premium dealers that have agreed to provide up-front discounted pricing and a no-hassle delivery process. Zag’s participating dealers have made this special arrangement because Zag works only with large affinity groups and national brands. These organizations do the work of promoting and branding this experience, which removes much of the traditional fear factor from the buying process.
Website
http://corp.zag.com
Transaction Type
Venture Equity
Transaction Amount
$37,400,000
Transaction Round
Series E
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
USAA
Venture Investor
GRP Retail Partners
Venture Investor
Capricorn Management LLC
Venture Investor
Anthem Venture Partners