A  Tech Coast Angels

http://www.techcoastangels.com





     Office Locations:

8950 Villa La Jolla Drive, Suite A124
La Jolla, CA 92037
Phone: 858-964-1319

 

Stages:

  • Seed


 

Industries:

  • Consumer Products & Services
  • Financial Services
  • Information Technology
  • Life Sciences & Healthcare
  • Media & Digital Media

  •  

    Description:

    Tech Coast Angels (TCA) 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. Members have invested over $120 million in over 200 companies. These portfolio companies have gone on to attract over $1 billion in additional investment capital. Last year over 600 companies applied to TCA for funding and 17 were funded. To qualify as a portfolio company, a prospective firm must be in a market opportunity sufficiently large to create a business with at least $50 to $100 million in annual revenues, management (not necessarily a complete team) with relevant and successful experience, and an exit strategy for the investors. The Tech Coast Angels is focused on seed-stage companies with high-growth potential, strong management teams, defensible business plans, proprietary intellectual property, and large target opportunities. The group typically invests between $100k-$500k and will lead syndicated deals up to $2 million. TCA is an equity investor and like other early-stage investors, after investing expects to hold a minority position of between 20-35% in a company. The TCA funding process can take as little as 30 days, but more typically requires 60-90 days. 78% of members have run startups, and invest in an average of 10 startups each. 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. Tech Coast Angels (TCA) created the Angel Capital Entrepreneur Funds I and 2 (ACE FUND) as an investment opportunity to both accredited individuals and institutional investors. ACE Fund II is now closed, but TCA anticipates opening ACE Fund III sometime in 2015.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription or Southern California Database subscription.
    Dave Berkus Chairman Emeritus
    David Norris Member
    Gary Clark
    Ray Chan Board Member
    Richard Morganstern Past President

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      09/29/2017


      GroupSolver


      CA


      $1,000,000


      


      08/03/2017


      Buy It Installed


      CA


      undisclosed


      Series A


      07/06/2017


      Kangarootime


      CA


      undisclosed


      Seed


      03/31/2017


      echo


      CA


      $7,500,000


      Series A


     

    Portfolio companies include:


      Active Life Scientific
        web link


      Airsis
        web link


      Atlas Powered
        web link


      Avaxia Biologics


      Buy It Installed
        web link


      DriveCam
        web link


      echo
        web link


      Edufii
        web link


      eefoof
        web link


      EV Connect
        web link


      EZ Apps
        web link


      Gridtest Systems
        web link


      GroundMetrics
        web link


      GroupSolver
        web link


      H2scan
        web link


      Inlustra
        web link


      InnoZen
        web link


      Kangarootime
        web link


      LandRoller
        web link


      Luxim
        web link


      MakeWork
        web link


      Mamoca
        web link


      Masher Media
        web link


      Media MatchMaker
        web link


      MicroPower
        web link


      MindBody Software
        web link


      MobileCause
        web link


      MobileXL
        web link


      MojoPages
        web link


      MyShape
        web link


      N-Spine
        web link


      Nine Star
        web link


      Numira Biosciences
        web link


      Olfactor Laboratories
        web link


      Opticon Medical
        web link


      P4RC
        web link


      Portfolium
        web link


      Ranker
        web link


      RetroSense Therapeutics
        web link


      Social Rewards
        web link


      SodaHead
        web link


      TextPower
        web link


      Transcepta
        web link


      Vigilistics
        web link


      Yapert
        web link


      YouMail
        web link


     

    Recent News:


      There is no recent news for Tech Coast Angels.