Jason Nazar Raises $5.2 Million for Stealth Startup


Jason Nazar has closed a $5.2 million seed round for a new startup named Crew32, according to a filing with the Securities and Exchange Commission.

The news comes just one day after his first company, Docstoc, was shuttered by Intuit Inc., the company that bought it two years ago.

The seed round was raised from 11 investors, according to the filing. Crew32 is operating in secret for now and Chief Executive Nazar declined to comment on the nature of the business. He said in a previous interview that the startup is in the small-business services industry.

Nazar founded Docstoc in 2007, an online platform where small business owners could download basic document templates, such as nondisclosure agreements, business incorporation paperwork or business plans. It grew to include other small-business support services, such as instructional videos and business licensing services.

Docstoc was bought by Intuit in 2013 for a reported $50 million. The company’s website was shuttered on Wednesday after financial and tax software developer Intuit abruptly decided in September to discontinue the service as part of a restructuring of its small business division.

Nazar is a fixture in the L.A. tech business community as host of “Startups Uncensored,” a monthly fireside chat with prominent entrepreneurs. He also writes frequently about entrepreneurship and small business development for the Wall Street Journal, Forbes and Business Insider.

Technology reporter Garrett Reim can be reached at [email protected]. Follow him on Twitter @garrettreim for the latest in L.A. tech news.

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