Tech Coast Angels Invested $13.5 Million into Startup Ecosystem in 2015

Southern California Angel Network Realizes Fourth Highest Investment Total in its 19-Year History

IRVINE, Calif. – February 29, 2016 – Tech Coast Angels (TCA) invested $13.5 million in a total of 58 companies in a diverse mix of industries in 2015. In addition to the $13.5 million of direct investment by TCA or its ACE Fund, the angel network also helped companies in its portfolio obtain $82 million through additional funding sources in 2015.

The angel network’s total direct investment for the year was slightly off its record $16.7 million year in 2014, consistent with the market slowdown in investments towards the end of 2015. The only other years in which TCA exceeded 2015’s total for investments were in 1999 ($16.3 million) and 2013 ($14.9 million).  Investment in new companies was 35% of the total last year, compared to 41% in 2014 and 63% in 2013.  Please see TCA’s 2015 year-end report for further details, a summarization of 2015, the outlook for 2016, and charts that segment TCA’s investments by industry.

“Notwithstanding the turmoil in financial markets in the latter part of the year, our numbers for 2015 reflect our confidence in adding value to innovative, early-stage companies—as well as expansion investments to our existing portfolio companies,” said TCA Chairman, John Harbison.  “Tech Coast Angels remains one of the largest and most influential angel networks because of our commitment to solid and collaborative relationships within the investment and entrepreneurial communities.”

The angel network also had six exits in 2015, including two successful IPOs (Mindbody, CytomX) and) and four acquisitions (CRISI Medical Systems, Olive Medical, Thermark and Wispry). This brings the total exits since the network’s inception in 1997 to 60.

“Early-stage investing is often a long-term commitment, and Tech Coast Angels members remain steadfast in providing support, both financially and experientially, to early-stage, high-growth companies—especially those in Southern California,” continued Mr. Harbison.  “We are looking forward to continuing our success in 2016 with our existing portfolio companies and by encouraging new young companies with great ideas.”

About Tech Coast Angels:

Tech Coast Angels (TCA) is one of the largest angel investment groups in the US.  The group comprises over 300 angel members with experience spanning all aspects of successful leadership in almost every industry in five networks that encompass Southern California.  TCA is the leader in providing funding, guidance, mentorship and leadership experience to early-stage, high-growth, exciting companies in Southern California.  CB Insights has ranked TCA ahead of all other angel groups as the strongest network in the country.

Since its founding in 1997, Tech Coast Angels have invested over $176 million in more than 300 companies and have helped attract more than $1.5 billion in additional capital/follow-on rounds, mostly from venture capital firms. For more information, please visit www.techcoastangels.com.

Tech Coast Angels Funds 37 Deals in 2011 Demonstrating Angel Investment Leadership

Total number of investments significantly increased over previous years, continuing upward trend

IRVINE, Calif., February 15, 2012Tech Coast Angels (TCA), the nations 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 years 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.