Tuesday, May 19, 2009
Tech Coast Angels: $100M Invested
The Tech Coast Angels is reporting this morning that its members have now invested a total of $100M in Southern California companies, since it started in 1997. The angel investing group said the $100M was invested in more than 150 California-based companies, and included firms in the life sciences, software, Internet, biotechnology, media, business services, and consumer products areas. In addition to the lifetime total, the TCA released stats on its recent investing activity, and said it invested in 15 first-time financing and 16 follow-on funding rounds in 2008.