Southern California Angel Network Surpasses Previous Records for Both Investments and Activity
IRVINE, Calif. January 29, 2015 Tech Coast Angels (TCA) invested a total of $16,373,337 in 61 total deals in Calendar Year 2014. The angel network announced that 2014 was the most active year since the networks inception in 1997 for number of deals funded, and capital raised was also the largest ever. TCAs five networks throughout Southern California invested in a variety of industries last year, including consumer goods, healthcare, biotechnology, HIPAA-compliant data storage, social networking, organic agriculture, and automobile technology.In 1H 2014, TCA investments totaled $6,321,874 in 27 total deals. 2H 2014 saw a nearly 60% increase in the amount of total investment from the first half of the year, with $10,051,463 in 34 total deals. Compared to 2013, the angel network increased its total investment portfolio by nearly 12%, from $14,639,612 million in 2013 to $16,373,337 in 2014.After four successful exits in 2013 (Cognition Technologies, Green Dot, Lend Amend and Trius Therapeutics), 2014 brought five more positive exits with AIRSIS, Allylix, Bluebeam Software, Hookit (formerly Loopd Networks), and Mindbody Software. TCAs portfolio of new deals for 2014 include: Aggregage, Apeel Sciences, Ascendant Spirits, Beacon Healthcare, Edufii, Fusion Brake, GoBookIt, ImmunoGum, iPourIt, LeaseLock, Neural Analytics, Parcel Pending, Perfectna, Portfolium, Respiratory Motion, RetroSense Therapeutics, Ring Router, Schlep & Fetch, Soma Bar, Spine Innovation, The Influential Network, TrueVault, Unlicensed Chimp Technology, and WeGoLook. “We are excited by the quality and unique breadth and scope of these great, young, mostly Southern Californian companies that we can support through our experience and capital, said Michael Green, TCA incoming chairman. “We look forward to continuing to find, hone and cultivate the many outstanding early-stage companies in our community in 2015.
We at Tech Coast Angels believe in preserving only the best and most vivacious of companies, and preservation is the business of Apeel Sciences. Headed up by James Rogers, this life sciences company has created a preserving agent that is tasteless and edible. This compound is to be applied to produce and plant life such as freshly cut flowers. Successful testing in local growing environments shows great promise for the future of Apeel Sciences.
The rest of the Santa Barbara management team at Apeel Sciences has just as impressive resumes as Rogers himself, who is in fact a PhD in Materials. Management includes Jenny Du (PhD in Chemistry), the company’s Director of Extraction Engineering. The team also includes Brian Stahl, Director of Deposition Engineering, and Louis Perez, Director of Formulation Engineering, both with PhD’s in Materials of their own.
Target markets for Apeel Sciences’ new preservation agent will be the fresh lettuce and freshly cut flower industries, and have shown great promise for both. Their exit plan includes partnering with large chemical providers to make the preservation agent more scalable in larger markets. If you are interested in finding out more about Apeel Sciences, check them out at www.apeelsciences.com.