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Two Groups, One Pitch
Tech Coast Angels Offers Exclusive Funding Opportunities to Investors Throughout the United States
Leveraging the online platform AngelList, Tech Coast Angels brings some of its best deals to accredited investors, members of other angel networks and prospective angels
IRVINE, Calif. – July 26, 2017 – Tech Coast Angels (TCA), one of the largest and most active angel networks in the world, recently announced a new initiative that shares TCA deals with accredited investors all across the United States. A subset of the angel network’s best deals will now be syndicated over the online investment platform AngelList.
Private investors throughout the United States now have the opportunity to experience what it’s like to invest alongside seasoned angel investors. The new initiative also benefits entrepreneurs who want more capital and accessibility to a wider world of funding.
“Tech Coast Angels screens several hundred startups every year and we have over 300 members–all of whom have diverse, unique backgrounds and expertise and greatly contribute to due diligence effort of the companies in which we choose to invest,” said Sergio Gurrieri, president of Tech Coast Angels’ San Diego network and lead of TCA’s AngelList Syndicate. “With our new initiative, investors can now tap into this wealth of experience, members of other angel networks can diversify their portfolio, and new or prospective angels can try out their wings.”
The addition of AngelList to TCA’s investment portfolio not only allows the angel network to share some of its best deals with more investors, regardless of geography, but also showcases TCA’s commitment to innovation and best practices.
“While it’s important to stress that this is not a substitute for TCA membership, our AngelList initiative offers great benefits to members and non-members alike, and once again positions us as a private capital thought leader; exploring and adopting new technologies and platforms to find–and fund–great companies,” said Jeff Draa, Tech Coast Angels’ chairman.
AngelList registrants can join TCA’s syndicate page on AngelList, receiving access to regular notifications for each deal the angel network shares on the platform. To register, an investor must create a profile on AngelList (https://angel.co), and then back Tech Coast Angel’s syndicate page on the investment platform (https://angel.co/tech-coast-angels/syndicate).
Investors wishing to know more about TCA membership can find information at https://www.techcoastangels.com/angels/
July 26, 2017
Tech Coast Angels Offers Exclusive Funding Opportunities to Investors Throughout the United States
The 8 most active VC investors in Southern California
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July 25, 2017
Tech Coast Angels Declares Record First Quarter; Angel Network Invests $3.8M in Q1 2017
May 11, 2017
Tech Coast Angels: Best Q1 Ever For Deals, Dollars
Tech Coast Angels Declares Record First Quarter; Angel Network Invests $3.8M in Q1 2017
IRVINE, Calif. – May 11, 2017 – Tech 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.”
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