Anabios Gets Angel Backing

Bonita, California-based Anabios, a stealth mode firm working on drug testing services for pain drugs, has scored an angel investment round from the Tech Coast Angels. The funding came from the TCA's new ACE Fund, the angel group's more formally organized investment fund which it is using to more quickly invest in companies. The new fund is managed by TCA member Dave Berkus. Details of the size of the funding was not disclosed. The funding is the second for the ACE Fund; the first was an investment in online event broadcasting service Vokle. More information »