Total number of investments significantly increased over previous years, continuing upward trend
IRVINE, Calif., February 15, 2012–Tech Coast Angels (TCA), the nation’s largest angel investment network, today announced it funded 37 investments in 2011 in a wide array of exciting, start-up businesses.
In 2011, TCA raised more than $45 million of total investment for its entrepreneurial companies, including more than $11 million through direct TCA investment –an 80 percent increase over 2010. Additionally, the total number of investments for the year is significantly up by almost 25 percent from 2010 and nearly 50 percent over the number of investments in 2009.
We are more aggressive and investing actively as evidenced by the significant increase in the total number of investments over the past two years in innovative, forward-thinking new companies,”said Stephen Flaim, Ph.D., FACC, FAHA, Chairman, Tech Coast Angels. “We are committed to identifying and nurturing bold, early-stage entrepreneurs with game-changing ideas and fostering their growth through connection, knowledge, mentoring and operational assistance –the cornerstones of our mission. This is an exciting time. We are energized about our upward trend and see no sign of slowing down.”
This year’s investment portfolio represented companies across a broad spectrum of growth industries including technology, biotech and pharmaceutical, social media, financial services, consumer products and green technologies. The companies funded by Tech Coast Angels in 2011 included Agilenano, Anabios, Angstrom Pharmaceuticals, Inc., Banshee Bungee, BeTheBeast, Continental Windpower, CosNet, Inc., Cyber-Rain, Define My Style, ExtendCredit, Groundmetrics, HitFix, H2Scan, LLC., Inhance Media, JobSync, Larada Sciences, LendAmend, Mobile Cause, Numira Bioscience, Inc., OlFactor, Olive Medical, Orion Data Analysis Corporation, PharmaSecure, Phone Halo, Ranker, Rx Timer Cap, SleepSafe Drivers, Social Rewards, Swarmology, Virtual Metrix, Vokle, WiSpry, Inc., YouMail, Inc. and Yowza.