Tech Coast Angels Invested Best Ever $16.37 Million in 2014

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.

TCA CONFIRMS POSITION AS #1 INVESTMENT GROUP IN SOUTHERN CALIFORNIA WITH FIVE EXITS IN 2010

IRVINE, Calif., March 29, 2011 A recent PricewaterhouseCoopers report entitled Shaking the MoneyTree established southern California as the third most active area for equity investments in venture-backed companies in the United States, coming in just slightly behind New England and growing far faster. Tech Coast Angels (TCA), the largest angel investment network in the U.S., was ranked the number one investment group in Southern California by the report.

According to Mike Napoli, recently appointed chairman of TCA, “Tech Coast Angels has been growing steadily through our focus on the entrepreneur and making it easier for new companies to get their ideas heard and considered. Even much larger investors can seldom claim a result as impressive as five profitable exits in a single year.

TCA has discussed individual exits in various announcements, but this is the first time the network is making available details on all five results.

TCA-invested company MindBody Partnerships which provides a lead generation, conversion, retention and loyalty program for the beauty and health and wellness sector. As part of its Series D financing, MindBody Partnerships provided TCA with a 78.75 percent IRR. Integrien, an IT analytics startup, was acquired by virtualization giant VMware for $100 million in August 2010, and Language Weaver, a pioneer in statistical machine translation, was acquired in July by SDL, the leading provider of global information management solutions. Language Weaver was acquired for a consideration of $42.5 million in cash. Trius Therapeutics, a company developing an antibiotic for serious gram-positive Staph infections, completed an IPO in August directed at raising $50 million through an offering of 10 million shares. The company is listed on the NASDAQ. Finally, the much heralded IPO of Green Dot Corporation, a prepaid debit card company, yielded over 100 times return for early investors in the company.

“As you can imagine, stated Napoli, “both our entrepreneurs and our invested members have been happy and inspired by the excellent results TCA has helped produce.

 

About TechCoast Angels

Tech Coast Angels, www.techcoastangels.com, is the largest angel investor network in the United States. Its members provide funding and guidance to more early-stage, high-growth companies in Southern California than any other investment group. TCA members invest in companies in a wide range of industries, including clean technology, consumer products and services, digital and social media, financial services, hardware and software technologies, and life sciences and healthcare. TCAmembers give companies more than just capital; they also provide counsel, mentoring and access to an extensive network of potential investors, customers, strategic partners and management talent. TCA has more than 250 members in five networks in Los Angeles, Orange County, San Diego, Westlake/Santa Barbara and the Inland Empire (Riverside and San Bernardino Counties). More information on investment with Tech Coast Angels can be found at www.techcoastangels.com, www.facebook.com/techcoastangelsor twitter.com/techcoastangels.

Three Profitable Exits for Invested Companies in a Single Month Highlight Dynamic Second Quarter for Tech Coast Angels

IRVINE, Calif., August 18, 2010 An IPO for Green Dot Corporation (NYSE: GDOT) yielding over 110 times return, the acquisition of Language Weaver Inc. by SDL for $42.5M, and an IPO for Trius Therapeutics (NASDAQ: TSRX) have left a lot of Tech Coast Angels (TCA) members smiling and many early-stage, innovative companies excited about the future of entrepreneurship in Southern California. The three exits marked what has been a dynamic year for Americas largest angel investment network despite the economy, with a total of 14 new and follow-on deals by the end of second quarter totaling $19,364,501 of total investment (TCA and partners).

According to Richard Sudek, Chairman of Tech Coast Angels, “A lot of people with dynamic new ideas are looking at the economy with trepidation and we want them to know that entrepreneurship is alive and well. Great, game-changing ideas are always welcome and TCA is doing everything we can to make the process of creating a working company smooth and forward-moving. Green Dot, Language Weaver and Trius are showing the way.

Green Dot, a leading prepaid financial services company, Language Weaver, a pioneer in statistical machine translation, and Trius Therapeutics, a biotech firm developing an oral antibiotic for serious staph infections, demonstrate the wide variety of industries TCA invests in. Among the new investments in Q2 are OLFactor, a novel technology for insect repellant and trapping, HitFix, an entertainment news site featuring original content, and Vokle, which provides a next generation interactive platform for anyone wishing to reach their audience through live video dialogue. Sudek added, “We invite entrepreneurs to visit our website at www.techcoastangels.com where theyll find a description of what were looking for and the simple steps to get ideas in front of TCA. Were a receptive audience.

About Tech Coast Angels
Tech Coast Angels, www.techcoastangels.com, is the largest angel investor group in the United States. Its members provide funding and guidance to more early-stage, high-growth companies in Southern California than any other investment group. TCA members invest in companies in a wide range of industries, including the life sciences, biotech, IT, services, retail, Internet, financial, software, media, consumer products and tech startups. TCA members give companies more than just capital; they also provide counsel, mentoring and access to an extensive network of potential investors, customers, strategic partners and management talent. TCA has more than 250 members, including its venture capital affiliates, in five networks in Los Angeles, Orange County, San Diego, Westlake/Santa Barbara and the Inland Empire. More information on investment with Tech Coast Angels can be found at www.techcoastangels.com, www.facebook.com/techcoastangels or twitter.com/techcoastangels.

Tech Coast Angels Companies Receive More Than $1B

30 TCA Portfolio Companies Secure More Than 75M in 2008

LOS ANGELES – February 23, 2009 – Tech Coast Angels (TCA), the largest angel network in the United States, today announced that more than $1B has been invested in TCA-funded companies since the group’s inception in 1997. TCA members have personally invested more than $99M and venture capital firms and other private equity investors have contributed more than $960M. The number of companies financed by Tech Coast Angels members was up last year over 2007. In 2008, companies received more than $75M in 15 first-time financings and 16 follow-on rounds from TCA members and affiliated investors, compared with 12 first-time and 14 follow-on rounds completed in 2007.
 
“TCA is still actively investing, despite the downturn in the economy. Our membership continues to be the largest single source of first-time deal financings for early stage companies in Southern California,” said Ralph Mayer, newly elected chairman of TCA. “2008 was a banner year for TCA. We reached the $1 billion mark and increased the number of companies funded year-over-year, which further demonstrates our commitment to the Southern California ecosystem.”

Companies receiving 2008 first-time investments or follow-on rounds from TCA and its network of venture capital partners include Agilenano, AIRSIS, Amplyx Pharmaceuticals, Axiotron, Bikestation, BrandAmerica, BrightQube, CardioCreate, CaseStack, Clupedia, Cognition, Cyber-Rain, Dayak, Edgeware Analytics, eGuardian, EZ-Assure, H2Scan, Make It Work, MicroPower Appliance, Mobile-XL, MojoPages, MyShape, Opposing Views, Santrio, SodaHead, TherMark, Trius Therapeutics, WiSpry, Wise Window and Zubican

“History has shown that downturns in the economy are often the best time to start a new company, which is one of the reasons TCA members are still actively investing,” said Al Schneider, president of TCA’s Los Angeles network. “Since our members provide entrepreneurs with many more benefits than just capital, funding from TCA’s members is even more valuable to companies in these challenging economic times.”
 
The Tech Coast Angels Los Angeles network is hosting its fourth annual Fast Pitch Competition and networking event on February 24 from 5-9 p.m. at UCLA Anderson School of Management. Fast Pitch is a competition among 12 carefully selected entrepreneurs who will each deliver a 90-second company pitch to a panel of investors and other members of Southern California’s entrepreneurial community. For more information, visit www.pitchtheangels.com.

About Tech Coast Angels

Tech Coast Angels, www.techcoastangels.com, the largest angel investor network in the United States, provides funding and guidance to more early-stage, high-growth companies in Southern California than any other investment group. Since its inception in 1997, TCA members have focused on building valuable companies, personally invested more than $99M, and helped portfolio companies attract more than $960M in additional capital, mostly from venture capital firms. TCA members give companies more than just capital; they also provide counsel, mentoring and access to an extensive network of potential investors, customers, strategic partners and management talent. TCA has more than 300 members, including its venture capital affiliates, in five networks in Los Angeles, Orange County, San Diego, Westlake/Santa Barbara and the Inland Empire.
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