Tuesday, February 22, 2011

Tech Coast Angels Highlights 2010 Deals

The Tech Coast Angels, [profile] the largest angel investment group in Southern California, outlined its 2010 deals today, saying that it funded a total of 31 deals in 2010, and had three profitable exits. The TCA said that 12 of those deals were new investments, and 19 were follow-on investments for the company. The group invested a total of $6M through direct investments, with was joined by approximately another $33.9M in other capital from venture and other angel investors. Investments were up in terms of deals compared to 2009, when the group invested in 24 deals.

The three exits the firm highlighted were the IPO of Green Dot, the acquisition of Language Weaver, and the IPO of Trius Therapeutics. Firms which received funding during 2010 were Cyber-Rain, Benchmark Revenuem, Allylix, Outside Labs, Vigilistics, H2Scan, Mobile XL, Continental Windpower, Amplyx Pharmaceuticals, OlFactor, Vokle, MicroPower Technologies, HitFix, Ranker, CardioCreate, MyShape, Bikestation, MasherMedia, Brand America, Intrastage, YouMail, Glassbeam, LaughStub, Ondax, Cosnet, Solulink, and Cognition Therapeutics.

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