Monday, March 1, 2010

Tech Coast Angels: 7 New Deals, 17 Follow-On Investments In 2009

The Tech Coast Angels said today that the angel group invested in seven new deals, and seventeen follow-on deals in 2009, a total of $4.7M in investments. The group said that as part of those deals, its portfolio companies raised an additional $57M in funding from venture capital groups and other angel investors. The group--the largest angel group in Southern California, and one of the largest nationwide--said the number and amount invested by the group declined from last year, but that it actually increased follow-on investments in companies. Last year, the TCA said it invested in 15 first-time fundings in firms, and 16 follow-on funding rounds. The TCA said that firms that received funding this year included WiSpry, Paradigm Select Assets, MicroPower Technologies, Outside Labs, Mobile XL, Cyber-Rain, Loop'd Network, Vigilistics, Numira, YouMail, Amplyx Pharmaceuticals, Benchmark Revenue, Masher Media, h2scan, MyShape, LeisureLink, PharmaSecure, ElephantDrive, and UsedCardboardBoxes.

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