Tech Coast Angels Orange County Inaugural Fund Provides Local Entrepreneurs with Startup Capital

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IRVINE, Calif. – March 10, 2020 — Tech Coast Angels Orange County (TCA OC) today announced its inaugural annual fund, TCA OC Fund 20, created to provide an additional source of capital for entrepreneurs and a new opportunity for angel investors. The fund is being deployed this month and provide 10 to 15 innovative, early-stage, companies with startup capital during 2020. The fund will be replenished each year, and is expected to result in 100 to 150 investments, with over $25 million invested over the next decade. While the fund will be “regionally opportunistic,” investments outside of California that have significant potential for growth will be considered.

“The TCA OC Fund 20 is designed to make it easier for entrepreneurs to access capital, while providing investors with the benefit of the diverse expertise that Tech Coast Angels can offer,” said Fund Chair, Jim Pickell.  “Our current angel members will be able to quickly diversify their portfolios, improve their returns and reduce their risk, while investing directly alongside the fund as well. In conjunction with our deep and growing TCA network, we can work closely with companies to better connect them with capital and the mentors they need to scale more efficiently.”

A new fund will be available for accredited TCA members each year. For more information, about TCA OC Fund 20 or becoming a member of Tech Coast Angels, please visit www.techcoastangels.com/angels.