Organization Raises Over $1 Million in Q3 2012; Over $14 Million in First Three Quarters
IRVINE, Calif. – November 2, 2012. According to the most recent Halo Report highlighting angel group investment activity and emerging trends for the first six months of 2012, Tech Coast Angels (TCA) topped the list of the most active angel investment network in the United States (total number of deals) and putting the most money to work in the country (total number of dollars). The Halo Report is a collaborative project between Silicon Valley Bank, Angel Resource Institute and CB Insights.
TCA raised more than $1 million of total investment in five companies during the period from July – September 2012. The companies include Garden Organics, SignNow, AnyMeeting, Nanoogo, Planana, HealthInReach and mSIGNIA.
For the first three quarters of 2012, the organization funded 23 deals for a total of approximately $5 million in direct TCA investment, and raised over $14 million through its five regional networks (Los Angeles, San Diego, Orange County, Inland Empire and Central Coast).
“We are thrilled that the Halo Report found us the most active angel groups in both deals and dollars,” said Stephen Flaim, Ph.D., FACC, FAHA, chairman of Tech Coast Angels. “We are also encouraged by the quality of young companies for whom TCA is able to provide benefits — including, but also beyond, capital: mentorship, strategic support and access to a broad network of investors, talent and prospects.”