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Tech Coast Angels Heavily Invests Locally In Q1 2017

Nibletz

May 12, 2017


Tech Coast Angels Declares Record First Quarter; Angel Network Invests $3.8M in Q1 2017

benzinga

May 11, 2017


Tech Coast Angels: Best Q1 Ever For Deals, Dollars

socalTECH.com


Tech Coast Angels Declares Record First Quarter; Angel Network Invests $3.8M in Q1 2017

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IRVINE, Calif. – May 11, 2017Tech Coast Angels (TCA) today announced that it had invested a total of $3.8 million in 17 total deals for the quarter ending March 31, 2017—its best Q1 in the angel network’s 20-year history both in dollars and number of companies invested. Southern California companies received 99% of the investment dollars, which reinforces TCA’s commitment to its local startup ecosystem. All but one of the investments for the quarter were early stage:  Seed Equity, Series A or bridge to Series A funding, and with 93% of total dollars invested into nine new companies.

The nine new companies were Buy It Installed, Carepoynt, Cherryvale Farms, Conectric, Echo Laboratories Inc., InvestED, Mobilize Solutions, OnRamp, and Tot Squad.

Nearly three-quarters (74%) of the dollars invested went into companies already in revenue, reflecting the trend of angel investments in companies with an already-developed minimum viable product and showing evidence of traction with customers.

“Today’s information shows the strength of our local entrepreneurial ecosystem and of TCA as a group,” said Jeff Draa, Chairman of Tech Coast Angels. “Unlike other angel networks who’ve reported a shift towards follow-on investing, and unlike our experience in 2014 and 2015 when the majority of our investments were in follow-on rounds, our Q1 2017 investments show a tremendous upsurge in new deals, reflecting strong excitement by our members about new opportunities.”

TCA also realized three exits in Q1 2017:

  • Savara Pharmaceuticals (a pulmonary pharmaceutical company) announced it would become a public company (NASDAQ (SVRA)) through its merger with MAST;
  • WeGoLook (an on-demand field services company) was acquired by Crawford & Co., yielding a return to TCA of 8x in less than three years;
  • Everystory (a digital therapeutic company) repositioned itself as a publicly traded life sciences company Dthera Sciences — a digital therapeutic treatment for dementia

“TCA members are investing in early-stage businesses that they can help to succeed with far more than just financial support,” continued Mr. Draa. “Our members offer guidance, direction and connections in addition to investment capital.”


Tech Coast Angels: How Savara Created A Winning Formula for Angel Investors and Company Success

PR Web

May 9, 2017


Tech Coast Angels:  How Savara Created A Winning Formula for Angel Investors and Company Success

TCA Deal Lead Sergio Gurrieri Says Exceptional Leadership, a World-Class Team and Experienced Board were all Key in “Backing a Winner”

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IRVINE, Calif. – May 9, 2017 – Tech Coast Angels (TCA) congratulates Savara Inc. (NASDAQ: SVRA) on its recent listing on the Nasdaq Capital Market.  The clinical-stage specialty pharmaceutical company’s Series B round in 2012-13 was the largest single raise by TCA ($3.2 M). Overall, TCA members together with a few family and friends have invested over $6M in various financing rounds of Savara, the most for any portfolio company since TCA’s inception in 1997. In total, Savara received almost $50M in non-institutional capital, and has been supported by a $4M grant from the National Institutes of Health as well as a $1.7M research award from the Cystic Fibrosis Foundation. Nearly every funding round was oversubscribed and extended.

Sergio Gurrieri, TCA deal lead, current president of the San Diego chapter of TCA, and observer on the Savara Board since 2012, explained three key elements that made Savara such a winning formula for angel investors:

“First of all, Rob Neville, Savara’s CEO and chairman, is truly exceptional. He adheres to a well-balanced and extremely effective decision-making process whereby every single stakeholder’s opinion is considered. Also, Rob’s execution skills are outstanding, his integrity is impeccable, his communication skills powerful, and his management style highly professional.”

“Secondly, the entire Savara team is phenomenal,” Gurrieri continued. “The team’s ability to execute is second to none. In particular, Dr. Taneli Jouhikainen, COO, has been indispensable, co-leading Savara, its programs, and corporate development activities. Taneli is one of the most talented, and knowledgeable COO’s I have ever had the pleasure of knowing.”

“And finally, the board of directors is truly outstanding. The level of expertise, the collective wisdom and experience, the constructive conversations, resulted in an extraordinary board for an extraordinary company,” Gurrieri concluded.

“We truly appreciate the support from Tech Coast Angels’ members and we thank each investor for believing in Savara’s purpose to find new therapies and treatment for rare and debilitating lung diseases,” said Mr. Neville. “Through our excellent team and proven ability to execute, Savara presents an attractive business opportunity with our pipeline of unique products with considerable market potential. We will continue to diligently work to make their investment a success.”


Tech Coast Angels, Pasadena Angels Among Top Angel Groups In New Report

socalTECH.com

May 1, 2017


TriTech SBDC Consultant Bill Waldo Receives America’s SBDC State Star Award

PR Log


http://www.satprnews.com/2017/04/27/tech-coast-angels-innovates-with-two-new-member-categories/

SAT Press Releases

April 28, 2017


The Secret to PitchingTrue Viral News

True Viral News

April 27, 2017


Tech Coast Angels Innovates with Two New Member Categories – Press Release Rocket

Press Release Rocket


Tech Coast Angels Innovates with Two New Member Categories

PR Web


Tech Coast Angels Innovates with Two New Member Categories

Investor Ideas


Tech Coast Angels Invested $14.1 Million into 55 Companies and Completed Six Exits in 2016

PR Web


Tech Coast Angels Innovates with Two New Member Categories

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New and expanded virtual and affiliate membership programs will add to deal flow and expertise in due diligence

IRVINE, Calif. – April 27, 2017 — Tech Coast Angels (TCA), one of the largest and most active angel investor networks in the nation, today announced the addition two new membership classes: Virtual Members and Affiliate Members. These new categories supplement the angel network’s current membership categories and expand opportunities for all angel investors, regardless of location.

With the Virtual Membership, angel investors who reside outside of Southern California are now able to get involved with and invest alongside more than 325 current TCA members in screening and evaluating deal flow, and in funding startup companies. Virtual Members will also be invited to attend special events at a discounted rate, and attend a general membership screening if they are in the Southern California area. For a full list of conditions and benefits, please click here.

The Affiliate Membership is created for family offices, corporate VC groups, foundations, non-profits, and venture capital funds that can supplement their investments with startup companies and potentially complement their strategic plans and current product portfolios. Affiliate members may be located within or outside of Southern California.  For a full list of conditions and benefits, please click here.

TCA had four key goals while adding these new categories:

  • To increase the potential deal flow through contacts and networks of other individuals and investing entities;
  • To add to the intellectual capacity of TCA and to enable a more diverse group to screen deals, participate in analysis, and perform due diligence of prospective companies;
  • To provide additional capital for investment in our portfolio companies and for our Angel Capital Entrepreneur (ACE) funds; and
  • To provide potential entrepreneurs with a broader investor base and a mentorship program, making TCA the preferred funding choice for early stage companies.

“TCA has the technology in place that makes it easy to expand our reach for new members,” said Jeff Draa, TCA chairman.  “As virtual members will be remote from our Southern California network locations, they can interface with TCA and its deals through our website and participate in screenings via teleconferencing technology at UCI Applied Innovation, a facility open to all TCA members. Many angel investors are part of multiple angel groups and this new membership category enables those members to join our group as well.“

The implementation of this new membership class shows potential entrepreneurs and TCA’s current partners and sponsors, that the angel network’s business model is capable of expanding and that TCA has the latest infrastructure, which befits a technically adept organization. The new membership category complements what TCA is currently doing.

Draa stated that he felt the time was right for the expansion. “Many of our current members come from family offices and have been successful investors at TCA. Corporate VCs, Strategy and M&A groups are showing more interest in early round deals to supplement their corporate portfolios with new products and services. And many venture funds have been sending us smaller deals and we have been sending larger deals to VCs,” Draa concluded.

For information on joining TCA as a Virtual Member or Affiliate Member, prospective candidates can find more information about each, and about TCA, via the angel network’s website:  https://www.techcoastangels.com/angels/, or by contacting one of TCA’s network membership chairs.  


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