Tech Coast Angels
| Tech Coast Angels | |
| Company type | Mutual-benefit nonprofit corporation |
|---|---|
| Industry | Private Equity |
| Founded | 1997 |
| Headquarters | Southern California, United States |
| Products | Angel Investing Group |
| Website | www.techcoastangels.com |
Tech Coast Angels is the leading source of funding to early-stage companies in Southern California.[1][2] TCA has over 300 members and is also one of the largest angel networks in the world.[3] A 2014 analysis by CB Insights ranked TCA #1 out of 370 angel groups on “Network Centrality” and #5 overall in “Investor Mosaic.”[4]
History
Since its inception in 1997, TCA members have focused on building valuable companies, personally invested over $170 million in over 300 companies, and helped portfolio companies attract more than $1.4 billion in additional capital, mostly from venture capital firms.[5] In 2015, TCA invested $13.5 million in 58 companies,[6] and in 2014 invested $16.3 million in 61 companies.[7]
TCA members provide companies capital, counsel,[8][9][10][11] mentoring and access to a network of potential investors and partners.[12][13][14] TCA has chapters located in Los Angeles, Orange County, San Diego, Central Coast and the Inland Empire.[3]
Company Exits
TCA has had nine IPOs and over 60 exits.[15] Noteworthy investment exits for TCA include Sandpiper Networks (internet infrastructure) and Green Dot Corporation (over-the-counter prepaid debit card), both returning more than 100X of TCA invested capital.[16][17] Other successful exits include:
- Mindbody (wellness business services software)[18]
- BlueBeam Software (PDF collaboration software)[19]
- Green Earth Technologies (oil substitute made from waste beef tallow)
- Lytx (Drivecam (video event recorder for driver feedback safety)[20]
- WiseWindow (open qualitative content aggregation platform)[21]
- Language Weaver (machine translation software)
- AIRSIS (remote asset tracking & management)[22]
- Althea (cGMP manufacturing, analytical development, aseptic filling)[23]
- N Spine (spine stability system)[24]
- OptionEase (stock option audit financial software)[25]
- Cytom X Therapeutics (antibody therapeutics for a variety of serious diseases including cancer)[26]
- LendAmend (online solution for loan amendment)[27]
- Vital Therapies (liver assist device)[28]
- Pictage.com (online event photography services)[29]
- Olive Medical (HD surgical camera)[30]
- Trius Therapeutics (antimicrobial drug)[31]
- Molecular Medicine BioServices (contract clinical manufacturer)[32]
- Allylix (artificial fragrance production)[33]
Based on all outcomes to date, TCA's portfolio has returned 3.3 times invested capital, and achieved an IRR of 26% on its portfolio.[34]
Investment portfolio
The TCA investment portfolio page lists investments in general categories such as Life Sciences, Internet/Apps, Software, Consumer, CleanTech/Industrials, Hardware, Financial, and Business.[35] Active portfolio companies include:
- AnyMeeting (free webinar/web conferencing software)
- ElephantDrive (storage-as-a-service software)
- Gremln (tools & sentiment analysis platform)
- Hipmunk (online travel website)
- Impact Hub (accelerator/workspace/incubator)
- Kickstart (Cadence Biomedical) (helps people with severe disabilities walk)
- Ninja Metrics (measures social influence)
- PharmaSecure (mass serialization codes for products in emerging markets)
- Portfolium (online social portfolio network)
- Ranker (UGC/ social platform for ranking things)
- The Bouqs Company (online flower shopping)
- Truecar (automotive lead generation)
- WeGoLook (dispatches in-person Lookers to verify claims made by Internet sellers)
- YouMail (voice messaging for cell phones)
References
- ^ "Angel Capital Association Directory". Angel Capital Association.
- ^ socalTECH (October 18, 2013). "Southern California Tech Companies Raise $709.8M In Q3".
- ^ a b Freeman, Mike. "Investor network Tech Coast Angels pumped $14.2 million into start-ups last year". sandiegouniontribune.com. Retrieved 2018-09-21.
- ^ "Ranking Angel Investment Groups". CB Insights. CB Insights. August 13, 2014. Retrieved June 10, 2016.
- ^ Tech Coast Angels (2016). "Tech Coast Angels Website". Tech Coast Angels. Tech Coast Angels.
- ^ "Tech Coast Angels Invested $13.5 Million into Startup Ecosystem in 2015". PR Web. February 29, 2016. Retrieved June 10, 2016.
- ^ "Tech Coast Angels Invested Best Ever $16.37 Million in 2014". PR Web. January 29, 2015. Retrieved June 10, 2016.
- ^ Klein, Karen E. "Perfecting the Fund-Raising Pitch". Bloomberg BusinessWeek.
- ^ Tech Coast Angels. "7 P's of Investor Presentations". SlideShare.
- ^ Austin, Scott (January 11, 2010). "How To Pitch A Venture Capitalist On A Napkin". Wall Street Journal.
- ^ Venture Capital Dispatch (August 2, 2010). "The Magic 8-Ball of Angel Investing". Wall Street Journal.
- ^ Perloff, David; Sherman, Pat (October 2, 2011). "Cashing In San Diego investors write personal checks to propel local entrepreneurs". Pacific San Diego Magazine.
{{cite web}}: Unknown parameter|lastauthoramp=ignored (|name-list-style=suggested) (help) - ^ Somers, Terri. "San Diego angels lend financial wings to entrepreneurs needing cash". San Diego Union Tribune.
- ^ Norman, Jan. "Local investors seek to jumpstart new O.C. ventures". The Orange County Register.
- ^ "Tech Coast Angel Exits". Tech Coast Angels. Retrieved June 10, 2016.
- ^ Hardy, Quentin (October 28, 2002). "Where Angels Dare to Tread". Forbes.
- ^ "Green Dot Sets Pricing Range". socalTECH.
- ^ "Mindbody IPO is the 'Uber of Wellness'". Fox Business. June 19, 2015. Retrieved June 10, 2016.
- ^ "Nemetschek Acquires Bluebeam Software". Bluebeam. October 3, 2014. Retrieved June 10, 2016.
- ^ "GTCR Announces Acquisition of Lytx". PR Newswire. February 18, 2016. Retrieved June 10, 2016.
- ^ "KPMG Acquires WiseWindow". SocialMedia Analysis. April 29, 2012. Retrieved June 10, 2016.
- ^ "Oceaneering Announces Acquisition of AIRSIS". PR Newswire. June 2, 2014. Retrieved June 10, 2016.
- ^ "Ajinomoto Co., Inc. agrees to acquire Althea Technologies, Inc". Ajinimoto Co. March 6, 2013. Retrieved June 10, 2016.
- ^ "Swiss Synthes buys U.S. N Spine for around $75 mln". Reuters. November 13, 2007. Retrieved June 10, 2016.
- ^ "Solium Capital Inc. Announces Acquisition of Optionease, Inc". Solium Capital. October 8, 2012. Retrieved June 10, 2016.
- ^ "No Drug Yet In Clinic, But CytomX Raises $80M In Discounted IPO". Xconomy. October 8, 2015. Retrieved June 10, 2016.
- ^ "LendAmend was acquired by FIS Global (NYSE: FIS)". Crunchbase. November 2013. Retrieved June 10, 2013.
- ^ "Vital Therapies banks $54M in a downsized IPO retry". FierceBiotech. April 17, 2014. Retrieved June 10, 2016.
- ^ "Apax Partners Invests $29 Million in Pictage, Inc., The Leading Provider of Online Solutions For Professional Wedding and Portrait Photographers". PR Newswire. March 2, 2006. Retrieved June 10, 2016.
- ^ "Depuy Synthes Companies Acquires Olive Medical Corporation". Johnson & Johnson. February 10, 2015. Retrieved June 10, 2016.
- ^ "Cubist Adds Antibiotic Punch, Buys Trius and Optimer for $1.24B". Xconomy. July 30, 2013. Retrieved June 10, 2016.
- ^ "Sigma-Aldrich Acquires Molecular Medicine BioServices to Expand SAFC Pharma Capabilities". PR Newswire. May 8, 2007. Retrieved June 10, 2016.
- ^ "Evolva to acquire Allylix". Evolva. November 18, 2014. Retrieved June 10, 2016.
- ^ "Tech Coast Angels Performance". Tech Coast Angels. Tech Coast Angels. 2016. Retrieved June 10, 2016.
- ^ TCA website. Tech Coast Angels Investment Portfolio.
