Monday, January 5, 2015
Pasadena Angels Racked Up Four Exits, Closed 17 Deals in 2014
The Pasadena Angels, one of the most active organized angel investment groups in the Los Angeles area, released some details on the groups' 2014 performance over the holidays, saying that it saw a total of four exits--including a $100M exit over at Bluebeam--and closed 17 deals during the year. The group said it provided $4.7M in new funding for its portfolio companies. The group said the 17 deals it completed during the year were split into 10 new investments, and 7 follow on rounds. Among other significant events for the angel investment group was an investment in Cross Campus, the startup coworking office operator which is in the midst of building new offices in Pasadena.