Tech Coast Angels

Tech Coast Angels
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

  1. ↑ "Angel Capital Association Directory". Angel Capital Association.
  2. ↑ socalTECH (October 18, 2013). "Southern California Tech Companies Raise $709.8M In Q3".
  3. 1 2 Freeman, Mike. "Investor network Tech Coast Angels pumped $14.2 million into start-ups last year". sandiegouniontribune.com. Retrieved 2018-09-21.
  4. ↑ "Ranking Angel Investment Groups". CB Insights. CB Insights. August 13, 2014. Retrieved June 10, 2016.
  5. ↑ Tech Coast Angels (2016). "Tech Coast Angels Website". Tech Coast Angels. Tech Coast Angels.
  6. ↑ "Tech Coast Angels Invested $13.5 Million into Startup Ecosystem in 2015". PR Web. February 29, 2016. Retrieved June 10, 2016.
  7. ↑ "Tech Coast Angels Invested Best Ever $16.37 Million in 2014". PR Web. January 29, 2015. Retrieved June 10, 2016.
  8. ↑ Klein, Karen E. "Perfecting the Fund-Raising Pitch". Bloomberg BusinessWeek.
  9. ↑ Tech Coast Angels. "7 P's of Investor Presentations". SlideShare.
  10. ↑ Austin, Scott (January 11, 2010). "How To Pitch A Venture Capitalist On A Napkin". Wall Street Journal.
  11. ↑ Venture Capital Dispatch (August 2, 2010). "The Magic 8-Ball of Angel Investing". Wall Street Journal.
  12. ↑ Perloff, David & Sherman, Pat (October 2, 2011). "Cashing In San Diego investors write personal checks to propel local entrepreneurs". Pacific San Diego Magazine.
  13. ↑ Somers, Terri. "San Diego angels lend financial wings to entrepreneurs needing cash". San Diego Union Tribune.
  14. ↑ Norman, Jan. "Local investors seek to jumpstart new O.C. ventures". The Orange County Register.
  15. ↑ "Tech Coast Angel Exits". Tech Coast Angels. Retrieved June 10, 2016.
  16. ↑ Hardy, Quentin (October 28, 2002). "Where Angels Dare to Tread". Forbes.
  17. ↑ "Green Dot Sets Pricing Range". socalTECH.
  18. ↑ "Mindbody IPO is the 'Uber of Wellness'". Fox Business. June 19, 2015. Retrieved June 10, 2016.
  19. ↑ "Nemetschek Acquires Bluebeam Software". Bluebeam. October 3, 2014. Retrieved June 10, 2016.
  20. ↑ "GTCR Announces Acquisition of Lytx". PR Newswire. February 18, 2016. Retrieved June 10, 2016.
  21. ↑ "KPMG Acquires WiseWindow". SocialMedia Analysis. April 29, 2012. Retrieved June 10, 2016.
  22. ↑ "Oceaneering Announces Acquisition of AIRSIS". PR Newswire. June 2, 2014. Retrieved June 10, 2016.
  23. ↑ "Ajinomoto Co., Inc. agrees to acquire Althea Technologies, Inc". Ajinimoto Co. March 6, 2013. Retrieved June 10, 2016.
  24. ↑ "Swiss Synthes buys U.S. N Spine for around $75 mln". Reuters. November 13, 2007. Retrieved June 10, 2016.
  25. ↑ "Solium Capital Inc. Announces Acquisition of Optionease, Inc". Solium Capital. October 8, 2012. Retrieved June 10, 2016.
  26. ↑ "No Drug Yet In Clinic, But CytomX Raises $80M In Discounted IPO". Xconomy. October 8, 2015. Retrieved June 10, 2016.
  27. ↑ "LendAmend was acquired by FIS Global (NYSE: FIS)". Crunchbase. November 2013. Retrieved June 10, 2013.
  28. ↑ "Vital Therapies banks $54M in a downsized IPO retry". FierceBiotech. April 17, 2014. Retrieved June 10, 2016.
  29. ↑ "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.
  30. ↑ "Depuy Synthes Companies Acquires Olive Medical Corporation". Johnson & Johnson. February 10, 2015. Retrieved June 10, 2016.
  31. ↑ "Cubist Adds Antibiotic Punch, Buys Trius and Optimer for $1.24B". Xconomy. July 30, 2013. Retrieved June 10, 2016.
  32. ↑ "Sigma-Aldrich Acquires Molecular Medicine BioServices to Expand SAFC Pharma Capabilities". PR Newswire. May 8, 2007. Retrieved June 10, 2016.
  33. ↑ "Evolva to acquire Allylix". Evolva. November 18, 2014. Retrieved June 10, 2016.
  34. ↑ "Tech Coast Angels Performance". Tech Coast Angels. Tech Coast Angels. 2016. Retrieved June 10, 2016.
  35. ↑ TCA website. Tech Coast Angels Investment Portfolio.
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