TOP NEWS

Tech Coast Angels Los Angeles Launches New Members Only Fund

The Tech Coast Angels says it has launched a new, annual fund, and is continuing to invest--despite the pandemic. According to the group's Los Angeles chapter, the Tech Coast Angeles-Los Angeles (TCA-LA), it is launching a new annual fund which will provide "new and diverse opportunities for investors and an additional source of startup capital for entrepreneurs." The angel group, the largest in the nation, said it invested over $19M in 2019, in part due to a similar fund created by its San Diego chapter, the TCA-San Diego, last year. The Tech Coast Angels said the total now through all of its chapter funds pledges $6M ready for deployment in 2020, and the group says it expects to invest that entire fund in 2020 in seed investments in start-up and early stage companies. According to the TCA, it has now invested in eleven companies this year, six of them after the beginning of the coronavirus outbreak, including investments in Fitplan, Grolens, Hawthorne Effect, Nevados, Neural Analytics, Noria Water TechnologiesRazbery Technologies, Ready, Set Food!, Recess, Somabar, and Turn Technologies.