Wednesday, May 19, 2010
Tech Coast Angels Ups Funding In Five Firms, Sees New Deals
The Tech Coast Angels, Southern California's largest angel investor group, told its sponsors and members this week that it invested in five follow-on deals in Q1, investing a total of $11.5M, and just made three additional investments in firms in recent weeks. The group said that it boosted its investments in Cyber-Rain, Benchmark Revenue, Allylix, Vigilistics, and H2Scan in Q1, and just closed on $2.9M invested across Amplyx Pharma, Vokle, and MicroPower, with two of those deals just closing in the last two week. Amounts of funding in the various deals has not been released.