TrueCar - About the company
TrueCar is an acquired company based in Santa Monica (United States), founded in 2005 by Scott Painter, Greg Brogger and Oded Noy. It operates as an Online new and used cars listing platform. TrueCar has raised $270M in funding from investors like Upfront Ventures, SVB and Allen & Company, with last known valuation of $*****. The company has 573 active competitors, including 21 funded and 49 that have exited. Its top competitors include companies like Carvana, Droom and CarGurus.
Company Details
Online new and used cars listing platform. It provides car pricing and information for new or used car buyers and dealers. It offers used cars through a chain of self-certified dealers. It also provides tools such as a price and sales analyzer. Their app is available for Android and iOS devices.
- Registered Address
- Santa Monica (United States)
Key Metrics
Founded Year
2005
Location
Santa Monica, United States
Stage
Acquired
Total Funding
$270M in 5 rounds
Latest Funding Round
Last Known Valuation
$***** as on Oct 14, 2025
Investors
Ranked
2nd among 573 active competitors
Annual Revenue
$100M - $500M as on Dec 31, 2024
Employee Count
381 as on Sep 30, 2026
Investment & Acquisitions
Exit Details
Acquired by Fair (Oct 14, 2025)
Legal entities associated with TrueCar
TrueCar is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Truecar, Inc. CIN: 1327318 , United States, Active | Feb 24, 2005 | $100M - $500M (As on Dec 31, 2024) | 324 (As on Dec 31, 2023) | - |
Truecar, Inc. CIN: 04-3807511 , United States, Active | Dec 31, 2004 | - | 428 (As on Dec 31, 2021) | - |
TrueCar's acquisition details
Click here to take a look at TrueCar's acquisition in detail
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TrueCar's funding and investors
TrueCar has raised a total funding of $270M over 5 rounds. Its first funding round was on Sep 01, 2008. Its latest funding round was a Post IPO round on Nov 15, 2022 for $*****. 1 investor participated in its latest round. TrueCar has 24 institutional investors.
Here is the list of recent funding rounds of TrueCar:
Filter this list
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 15, 2022 | 3689743 | Post IPO | 1437028 | 8154826 | 7542210 | 7773433 |
Dec 12, 2013 | 3861622 | Series E | 6246615 | 5983919 | 9578429 | 2371784 |
Sep 07, 2011 | 9673297 | Series E | 9643679 | 2180682 | 6860510 |
View details of TrueCar's funding rounds and investors
TrueCar's founders and board of directors
Founder? Claim ProfileThe founders of TrueCar are Scott Painter, Greg Brogger and Oded Noy. Victor Anthony Perry Iii is the CEO of TrueCar.
Here are the details of TrueCar's key team members:
- Scott Painter: Founder & CEO of TrueCar and founder of 3 other companies, Autonomy, CarsDirect and BrightHouse. They are also an angel investor in 2 startups.
- Greg Brogger: Former Co-Founder of TrueCar and founder of 6 other companies, including Nasdaq Private Market, Collective Liquidity and Zerotree Technologies. Contact Info: 1 email address
- Oded Noy: Former Founder & CTO of TrueCar.
- Victor Anthony Perry Iii: CEO of TrueCar. They are also an angel investor in 1 startup and serve on the board of 1 company.
View details of TrueCar's Founder profiles and Board Members
TrueCar's employee count trend
TrueCar has 381 employees as of Sep 26. Here is TrueCar's employee count trend over the years:
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TrueCar's Competitors and alternates
Top competitors of TrueCar include Carvana, Droom and CarGurus. Here is the list of Top 10 competitors of TrueCar, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Carvana 2012, Phoenix (United States), Public | Online dealer of pre owned cars | $460M | 84/100 | |
2nd | TrueCar 2005, Santa Monica (United States), Acquired | Online new and used cars listing platform | $270M | 71/100 | |
3rd | Online retailer of used and new automobiles, plus related services | $344M | 74/100 | ||
4th | CarGurus 2006, Cambridge (United States), Public | Online retailer of used and new cars with financing options | $1.75M | 73/100 | |
5th | Copart 1982, Dallas (United States), Public | Online marketplace for used and salvaged vehicles | $1.1M | - | 72/100 |
6th | Edmunds.com 1966, Santa Monica (United States), Acquired | Online listing platform for multi-category used vehicles & price comparison | $50M | 70/100 | |
7th | Cars.com 1998, Chicago (United States), Public | Online retailer of new and used cars, providing reviews | - | 70/100 | |
8th | Online listing platform for used cars | - | 67/100 | ||
9th | Vroom 2013, New York City (United States), Public | Online dealer of used cars | $708M | 66/100 | |
10th | Autotrader 1998, Atlanta (United States), Acquired | Online listing platform for for used & new cars | - | 66/100 |
Looking for more details on TrueCar's competitors? Click here to see the top ones
TrueCar's Investments and acquisitions
TrueCar has made 1 investments in companies including Cars Commerce. TrueCar has also acquired 3 companies including Digital Motors and DealerScience.Here is the list of investments & acquisitions:
Filter this list
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jun 06, 2022 | Acquisition | 2018 | Irvine (United States) | |
Feb 14, 2019 | Investments | 2015 | Chicago (United States) | |
Dec 07, 2018 | Acquisition | 2011 | Boston (United States) |
See all acquisitions by TrueCar
Reports related to TrueCar
Here is the latest report on TrueCar's sector:
News related to TrueCar
Media has covered TrueCar for a total of 12 events in the last 1 year, 5 of them have been about company updates and 2 about people movement.
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TrueCar Hires New Executives for OEM Relations and Insurance RolesAuto Remarketing•Jun 05, 2026•TrueCar
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Fair Holdings Completes $227 Million Take-Private Acquisition of TrueCarPR Newswire•Jan 22, 2026•Fairfax Financial Holdings, Fair, TrueCar, B. Riley Securities
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TrueCar Continues DrivenToDrive Initiative, Partners with Wear Blue to Honor MilitaryPR Newswire•Oct 22, 2025•TrueCar
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TrueCar to Be Acquired by Founder-Led Investor Group in All-Cash Go-Private TransactionPR Newswire•Oct 15, 2025•Alston & Bird, TrueCar, State Fair of Texas®, fairholdingsllc.com
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Ademi Firm Investigates TrueCar Inc. Acquisition by Lone Star FundsPR Newswire•Oct 15, 2025•Ademi, Lone Star Funds, TrueCar, Hillenbrand and 1 other
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