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=== Company exits ===
=== Company exits ===
TCA has had eleven IPOs and over 79 exits.<ref>{{Cite web|url=https://www.techcoastangels.com/exits/|title=Tech Coast Angel Exits|website=Tech Coast Angels|access-date=June 10, 2016}}</ref> Three of those (Mindbody, Greendot and Sandpiper Networks) achieved multiples between 149 and 265.<ref>{{cite news|url=https://www.forbes.com/forbes/2002/1028/303_print.html|author=Hardy, Quentin|work=[[Forbes]]|title=Where Angels Dare to Tread|date=October 28, 2002}}</ref><ref>{{cite web|url=http://www.socaltech.com/green_dot_sets_pricing_range/s-0029737.html|publisher=socalTECH|title=Green Dot Sets Pricing Range}}</ref> TCA's successful exits include:
TCA has had eleven IPOs and over 79 exits.<ref>{{Cite web|url=https://www.techcoastangels.com/exits/|title=Tech Coast Angel Exits|website=Tech Coast Angels|access-date=June 10, 2016}}</ref> Three of those (Mindbody, Greendot and Sandpiper Networks) achieved multiples between 149 and 265.<ref>{{cite news|url=https://www.forbes.com/forbes/2002/1028/303_print.html|author=Hardy, Quentin|work=[[Forbes]]|title=Where Angels Dare to Tread|date=October 28, 2002}}</ref><ref>{{cite web|url=http://www.socaltech.com/green_dot_sets_pricing_range/s-0029737.html|publisher=socalTECH|title=Green Dot Sets Pricing Range}}</ref> TCA's successful exits include:
* Mindbody (wellness business services software)<ref>{{Cite web|url=http://www.foxbusiness.com/features/2015/06/19/mindbody-ipo-is-uber-wellness.html|title=Mindbody IPO is the 'Uber of Wellness'|date=June 19, 2015|website=Fox Business|access-date=June 10, 2016}}</ref>
* [[Mindbody Inc.|Mindbody]] (wellness business services software)<ref>{{Cite web|url=http://www.foxbusiness.com/features/2015/06/19/mindbody-ipo-is-uber-wellness.html|title=Mindbody IPO is the 'Uber of Wellness'|date=June 19, 2015|website=Fox Business|access-date=June 10, 2016}}</ref>
* [[Green Dot Corporation]] (over-the-counter prepaid [[debit card]])
* [[Green Dot Corporation]] (over-the-counter prepaid [[debit card]])
*Sandpiper Networks (internet infrastructure)
*Sandpiper Networks (internet infrastructure)
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*[[Bluebeam Software, Inc.|BlueBeam Software]] (PDF collaboration software)<ref>{{Cite web|url=http://www.bluebeam.com/us/press-room/articles/10-3-14.asp|title=Nemetschek Acquires Bluebeam Software|date=October 3, 2014|website=Bluebeam|access-date=June 10, 2016}}</ref>
*[[Bluebeam Software, Inc.|BlueBeam Software]] (PDF collaboration software)<ref>{{Cite web|url=http://www.bluebeam.com/us/press-room/articles/10-3-14.asp|title=Nemetschek Acquires Bluebeam Software|date=October 3, 2014|website=Bluebeam|access-date=June 10, 2016}}</ref>
* Parcel Pending (electronic Smart Locker storage system for multi-family housing)
* Parcel Pending (electronic Smart Locker storage system for multi-family housing)
⚫
*[[TrueCar|Truecar]] (automotive lead generation)
*Green Earth Technologies (oil substitute made from waste beef tallow)
*Green Earth Technologies (oil substitute made from waste beef tallow)
*Casestack (Integrated Logistics Outsourcing)
*[[CaseStack|Casestack]] (Integrated Logistics Outsourcing)
*One Stop Systems (manufactures Computers for Industrial Applications)
*One Stop Systems (manufactures Computers for Industrial Applications)
* [[Lytx]] (Drivecam (video event recorder for driver feedback safety)<ref>{{Cite web|url=http://www.prnewswire.com/news-releases/gtcr-announces-acquisition-of-lytx-300222383.html|title=GTCR Announces Acquisition of Lytx|date=February 18, 2016|website=PR Newswire|access-date=June 10, 2016}}</ref>
* [[Lytx]] (Drivecam (video event recorder for driver feedback safety)<ref>{{Cite web|url=http://www.prnewswire.com/news-releases/gtcr-announces-acquisition-of-lytx-300222383.html|title=GTCR Announces Acquisition of Lytx|date=February 18, 2016|website=PR Newswire|access-date=June 10, 2016}}</ref>
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*[[Language Weaver]] (machine translation software)
*[[Language Weaver]] (machine translation software)
*WeGoLook (dispatches in-person Lookers to verify claims made by internet sellers)
*WeGoLook (dispatches in-person Lookers to verify claims made by internet sellers)
*Portfolium (online social portfolio network)
*[[Portfolium]] (online social portfolio network)
* AIRSIS (remote asset tracking & management)<ref>{{Cite web|url=http://www.prnewswire.com/news-releases/oceaneering-announces-acquisition-of-airsis-261574101.html|title=Oceaneering Announces Acquisition of AIRSIS|date=June 2, 2014|website=PR Newswire|access-date=June 10, 2016}}</ref>
* AIRSIS (remote asset tracking & management)<ref>{{Cite web|url=http://www.prnewswire.com/news-releases/oceaneering-announces-acquisition-of-airsis-261574101.html|title=Oceaneering Announces Acquisition of AIRSIS|date=June 2, 2014|website=PR Newswire|access-date=June 10, 2016}}</ref>
* Althea (cGMP manufacturing, analytical development, aseptic filling)<ref>{{Cite web|url=http://www.ajinomoto.com/en/presscenter/press/detail/g2013_03_06.html|title=Ajinomoto Co., Inc. agrees to acquire Althea Technologies, Inc.|date=March 6, 2013|website=Ajinimoto Co.|access-date=June 10, 2016}}</ref>
* Althea (cGMP manufacturing, analytical development, aseptic filling)<ref>{{Cite web|url=http://www.ajinomoto.com/en/presscenter/press/detail/g2013_03_06.html|title=Ajinomoto Co., Inc. agrees to acquire Althea Technologies, Inc.|date=March 6, 2013|website=Ajinimoto Co.|access-date=June 10, 2016}}</ref>
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==Investment portfolio==
==Investment portfolio==
The TCA investment portfolio page lists investments in general categories such as Life Sciences, Internet/Apps, Software, Consumer, CleanTech/Industrials, Hardware, Financial, and Business.<ref>TCA website. ''[https://www.techcoastangels.com/portfolio-category/active/ Tech Coast Angels Investment Portfolio.]''</ref> Active portfolio companies include:
The TCA investment portfolio page lists investments in general categories such as Life Sciences, Internet/Apps, Software, Consumer, CleanTech/Industrials, Hardware, Financial, and Business.<ref>TCA website. ''[https://www.techcoastangels.com/portfolio-category/active/ Tech Coast Angels Investment Portfolio.]''</ref> Active portfolio companies include:
* Procore Technologies (Construction Management SAAS)
* [[AnyMeeting]] (free webinar/web conferencing software)
*[[Apeel Sciences]] (tasteless edible coatings for fresh produce)
⚫
* [[ElephantDrive]] (storage-as-a-service software)
*The Bouqs Company (Online Flower Shopping)
* [[Gremln]] (tools & sentiment analysis platform)
*Buy It Installed (button integrated into retailer e-commerce site to include installation)
* Hipmunk (online travel website)
*Cloudbeds (SAAS Hotel Hospitality Management Software)
* [[Impact Hub (Global Network)|Impact Hub]] (accelerator/workspace/incubator)
*Cognition Therapeutics (Memory Restoration for Alzheimer's)
⚫
*[[ElephantDrive]] (storage-as-a-service software)
* Kickstart ([[Cadence Biomedical]]) (helps people with severe disabilities walk)
* Kickstart ([[Cadence Biomedical]]) (helps people with severe disabilities walk)
*myLAB Box (testing for STDs from the comfort of home)
* [[Ninja Metrics]] (measures social influence)
* [[Ninja Metrics]] (measures social influence)
* [[PharmaSecure]] (mass serialization codes for products in emerging markets)
* [[PharmaSecure]] (mass serialization codes for products in emerging markets)
* [[Portfolium]] (online social portfolio network)
* [[Ranker]] (UGC/ social platform for ranking things)
* [[Ranker]] (UGC/ social platform for ranking things)
*Whistle (allows hotels to communicate with guests through Mobile Messaging and SMS)
⚫
* [[TrueCar|Truecar]] (automotive lead generation)
* [[WeGoLook]] (dispatches in-person Lookers to verify claims made by Internet sellers)
* [[Youmail|YouMail]] (voice messaging for cell phones)
* [[Youmail|YouMail]] (voice messaging for cell phones)


Revision as of 23:18, 25 January 2021

Tech Coast Angels
Company typeMutual-benefit nonprofit corporation
IndustryPrivate Equity
Founded1997
HeadquartersSouthern California, United States
ProductsAngel Investing Group
Websitewww.techcoastangels.com

Tech Coast Angels is the leading source of funding to early-stage companies in Southern California.[1][2] TCA has over 450 members and is also one of the largest angel networks in the world.[3] A 2014 analysis by CB Insights ranked TCA #1 out of 370 angel groups on “Network Centrality” and #5 overall in “Investor Mosaic.”[4]

History

Since its inception in 1997, TCA members have focused on building valuable companies, personally invested over $255 million in over 465 companies, and helped portfolio companies attract more than $2.2 billion in additional capital, largely from venture capital firms adn strategic investors.[5] In 2020, TCA invested $20 million in 64 companies,[6]

TCA members provide companies capital, counsel,[7][8][9][10] mentoring and access to a network of potential investors and partners.[11][12][13] TCA has chapters located in Los Angeles, Orange County, San Diego, and the Inland Empire.[3]

Company exits

TCA has had eleven IPOs and over 79 exits.[14] Three of those (Mindbody, Greendot and Sandpiper Networks) achieved multiples between 149 and 265.[15][16] TCA's successful exits include:

  • Mindbody (wellness business services software)[17]
  • Green Dot Corporation (over-the-counter prepaid debit card)
  • Sandpiper Networks (internet infrastructure)
  • Companion Medical (smart insulin pen system paired with diabetes management app)
  • Leaselock (sells Certificates of Guarantee promising rent when tenant defaults)
  • BlueBeam Software (PDF collaboration software)[18]
  • Parcel Pending (electronic Smart Locker storage system for multi-family housing)
  • Truecar (automotive lead generation)
  • Green Earth Technologies (oil substitute made from waste beef tallow)
  • Casestack (Integrated Logistics Outsourcing)
  • One Stop Systems (manufactures Computers for Industrial Applications)
  • Lytx (Drivecam (video event recorder for driver feedback safety)[19]
  • Cytom X Therapeutics (antibody therapeutics for a variety of serious diseases including cancer)[20]
  • WiseWindow (open qualitative content aggregation platform)[21]
  • Vital Therapies (liver assist device)[22]
  • Beam Global (portable solar EV charging station with no grid ties)
  • Language Weaver (machine translation software)
  • WeGoLook (dispatches in-person Lookers to verify claims made by internet sellers)
  • Portfolium (online social portfolio network)
  • AIRSIS (remote asset tracking & management)[23]
  • Althea (cGMP manufacturing, analytical development, aseptic filling)[24]
  • N Spine (spine stability system)[25]
  • OptionEase (stock option audit financial software)[26]
  • Retrosense Therapeutics (biologic approach to vision restoration in retinal degenerative conditions)
  • LendAmend (online solution[buzzword] for loan amendment)[27]
  • Greenplum (Intelligent Data Routing Systems)
  • Savara Pharmaceuticals (inhalable antibiotic for the treatment of MRSA in Cystic Fibrosis patients)
  • ClearCare (management of home care agencies)
  • eTeamz (B2C Amateur Athletic Community)
  • Olive Medical (HD surgical camera)[28]
  • Pictage.com (online event photography services)[29]
  • Trius Therapeutics (antimicrobial drug)[30]
  • Molecular Medicine BioServices (contract clinical manufacturer)[31]
  • Allylix (artificial fragrance production)[32]

Based on all outcomes to date, TCA's portfolio has returned 4.8 times invested capital, and achieved an IRR of 22% on its portfolio.[33]

Investment portfolio

The TCA investment portfolio page lists investments in general categories such as Life Sciences, Internet/Apps, Software, Consumer, CleanTech/Industrials, Hardware, Financial, and Business.[34] Active portfolio companies include:

  • Procore Technologies (Construction Management SAAS)
  • Apeel Sciences (tasteless edible coatings for fresh produce)
  • The Bouqs Company (Online Flower Shopping)
  • Buy It Installed (button integrated into retailer e-commerce site to include installation)
  • Cloudbeds (SAAS Hotel Hospitality Management Software)
  • Cognition Therapeutics (Memory Restoration for Alzheimer's)
  • ElephantDrive (storage-as-a-service software)
  • Kickstart (Cadence Biomedical) (helps people with severe disabilities walk)
  • myLAB Box (testing for STDs from the comfort of home)
  • Ninja Metrics (measures social influence)
  • PharmaSecure (mass serialization codes for products in emerging markets)
  • Ranker (UGC/ social platform for ranking things)
  • Whistle (allows hotels to communicate with guests through Mobile Messaging and SMS)
  • YouMail (voice messaging for cell phones)

References

  1. ^ "Angel Capital Association Directory". Angel Capital Association.
  2. ^ socalTECH (October 18, 2013). "Southern California Tech Companies Raise $709.8M In Q3".
  3. ^ a b Freeman, Mike. "Investor network Tech Coast Angels pumped $14.2 million into start-ups last year". sandiegouniontribune.com. Retrieved 2018-09-21.
  4. ^ "Ranking Angel Investment Groups". CB Insights. CB Insights. August 13, 2014. Retrieved June 10, 2016.
  5. ^ Tech Coast Angels (2019). "Tech Coast Angels Website". Tech Coast Angels. Tech Coast Angels.
  6. ^ "Undeterred by the Pandemic, Tech Coast Angels-Los Angeles Chapter Wraps Up a Successful 2020". PR Web. December 19, 2020. Retrieved December 19, 2020.
  7. ^ Klein, Karen E. "Perfecting the Fund-Raising Pitch". Bloomberg BusinessWeek.
  8. ^ Tech Coast Angels. "7 P's of Investor Presentations". SlideShare.
  9. ^ Austin, Scott (January 11, 2010). "How To Pitch A Venture Capitalist On A Napkin". Wall Street Journal.
  10. ^ Venture Capital Dispatch (August 2, 2010). "The Magic 8-Ball of Angel Investing". Wall Street Journal.
  11. ^ Perloff, David & Sherman, Pat (October 2, 2011). "Cashing In San Diego investors write personal checks to propel local entrepreneurs". Pacific San Diego Magazine.
  12. ^ Somers, Terri. "San Diego angels lend financial wings to entrepreneurs needing cash". San Diego Union Tribune.
  13. ^ Norman, Jan. "Local investors seek to jumpstart new O.C. ventures". The Orange County Register.
  14. ^ "Tech Coast Angel Exits". Tech Coast Angels. Retrieved June 10, 2016.
  15. ^ Hardy, Quentin (October 28, 2002). "Where Angels Dare to Tread". Forbes.
  16. ^ "Green Dot Sets Pricing Range". socalTECH.
  17. ^ "Mindbody IPO is the 'Uber of Wellness'". Fox Business. June 19, 2015. Retrieved June 10, 2016.
  18. ^ "Nemetschek Acquires Bluebeam Software". Bluebeam. October 3, 2014. Retrieved June 10, 2016.
  19. ^ "GTCR Announces Acquisition of Lytx". PR Newswire. February 18, 2016. Retrieved June 10, 2016.
  20. ^ "No Drug Yet In Clinic, But CytomX Raises $80M In Discounted IPO". Xconomy. October 8, 2015. Retrieved June 10, 2016.
  21. ^ "KPMG Acquires WiseWindow". SocialMedia Analysis. April 29, 2012. Retrieved June 10, 2016.
  22. ^ "Vital Therapies banks $54M in a downsized IPO retry". FierceBiotech. April 17, 2014. Retrieved June 10, 2016.
  23. ^ "Oceaneering Announces Acquisition of AIRSIS". PR Newswire. June 2, 2014. Retrieved June 10, 2016.
  24. ^ "Ajinomoto Co., Inc. agrees to acquire Althea Technologies, Inc". Ajinimoto Co. March 6, 2013. Retrieved June 10, 2016.
  25. ^ "Swiss Synthes buys U.S. N Spine for around $75 mln". Reuters. November 13, 2007. Retrieved June 10, 2016.
  26. ^ "Solium Capital Inc. Announces Acquisition of Optionease, Inc". Solium Capital. October 8, 2012. Retrieved June 10, 2016.
  27. ^ "LendAmend was acquired by FIS Global (NYSE: FIS)". Crunchbase. November 2013. Retrieved June 10, 2013.
  28. ^ "Depuy Synthes Companies Acquires Olive Medical Corporation". Johnson & Johnson. February 10, 2015. Retrieved June 10, 2016.
  29. ^ "Apax Partners Invests $29 Million in Pictage, Inc., The Leading Provider of Online Solutions For Professional Wedding and Portrait Photographers". PR Newswire. March 2, 2006. Retrieved June 10, 2016.
  30. ^ "Cubist Adds Antibiotic Punch, Buys Trius and Optimer for $1.24B". Xconomy. July 30, 2013. Retrieved June 10, 2016.
  31. ^ "Sigma-Aldrich Acquires Molecular Medicine BioServices to Expand SAFC Pharma Capabilities". PR Newswire. May 8, 2007. Retrieved June 10, 2016.
  32. ^ "Evolva to acquire Allylix". Evolva. November 18, 2014. Retrieved June 10, 2016.
  33. ^ "Tech Coast Angels Performance". Tech Coast Angels. Tech Coast Angels. 2016. Retrieved June 10, 2016.
  34. ^ TCA website. Tech Coast Angels Investment Portfolio.
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