Tech Coast Angels Fund Cadence Biomedical

The Tech Coast Angels has backed the maker of a medical device to help people with severe disabilities to walk. According to Cadence Biomedical, the Tech Coast Angels are among a number of new investors in a $1.1M, Series A2 funding for the company. The funding was led by HealthTech Capital, and also included the Sand Hill Angels, Tech Coast Angels, ACE Fund, Frontier Angel Fund, WINGS, Alliance of Angels, and Keiretsu Forum Northwest. Cadence Biomedical is based in Seattle. The deal is the second, out-of-the-area health and medical related investment for an angel group this week; just yesterday, the Pasadena Angels announced it had funded a scientific equipment maker in Utah. More information »