Monday, February 23, 2009

TCA Hits $1B In Investments

The Tech Coast Angels, Southern California's largest angel investment group, disclosed this morning that it has finally reached the $1 billion mark in investments received by its portfolio firms. The group, which makes investments in local technology startups, said that $99M of that came from the TCA's members, with the remainder coming from venture capital firms and other private equity investors. The TCA also said that it invested $75M in 2008, across 15 first-time financings and 16 follow-on rounds. The companies receiving investments from the TCA in 2008 included Agilenano, AIRSIS, Amplyx Pharmaceuticals, Axiotron, Bikestation, BrandAmerica, BrightQube, CardioCreate, CaseStack, Clupedia, Cognition, Cyber-Rain, Dayak, Edgeware Analytics, eGuardian, EZ-Assure, H2Scan, Make It Work, MicroPower Appliance, Mobile-XL, MojoPages, MyShape, Opposing Views, Santrio, SodaHead, TherMark, Trius Therapeutics, WiSpry, Wise Window and Zubican.

---