Tech Coast Angels (TCA) raised more than USD10m of total investment in 17 companies, including USD4,571,000 of direct TCA investment, during the first half of 2012 via the group’s five networks in Los Angeles, Orange County, San Diego, Central Coast, and Inland Empire.
The investment portfolio for the period spans a wide spectrum of young, innovative companies, from mobile advertising platforms and social loyalty marketing, to biopharmaceuticals and organic plant food.
Companies funded by TCA in the first six months of 2012 are: Active Life Scientific, Cadence Biomedical, Cashie Commerce, Cognition Therapeutics, Emerald Logic, ExtendCredit, Gemmus Pharma, GridTest Systems, H2scan, Hipmunk, Pagewoo, PetPlay, Social Annex, Social Rewards, ViroPan, Vokle, and Wasatch Microfluidics.
Compared to the same period in 2011, the group maintained a consistent level of support and funding to the same number of young, fast-growth companies. In the first half of 2011 TCA invested in 17 companies for USD4.4m, with a total investment of USD11.9m.
"TCA is a valuable, receptive resource for promising companies. By providing early funding, mentorship and strategic support to early-stage entrepreneurs, particularly in a risk- and investment-averse business environment, we help foster innovation and entrepreneurship throughout our communities," says Stephen Flaim (pictured), chairman of Tech Coast Angels.
