funding, Angels, Economy

Tech Coast Angels Still Investing

Bruce V. Bigelow 2/23/09

Southern California’s Tech Coast Angels said today its members participated in 15 first-time financings in 2008, providing $75 million in funding for new companies from members and affiliated investors. The organization of angel investors also participated in 16 follow-on rounds last year. That compares with 12 first-time fundings and 14 follow-on rounds in 2007. Since the organization of angel investors was founded in 1997, members of the Tech Coast Angels have personally invested more than $99 million in early stage companies—helping to induce $960 million in investments by venture capital and private equity firms in TCA-funded companies.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call 858-202-0492