We recently collaborated with Tech Coast Angels because we liked what they do for the startup community in Southern California and we decided to introduce the group to our StartupBrite readers. We worked with members from the LA chapter of Tech Coast Angels and we are expectng them to join our online startup pitch event event on September, 23th.
Tech Coast Angels (TCA) is one of the most successful angel groups in the country and has been supporting innovative companies since 1997. The main goal of the organization is to identify and invest in disruptive early-stage startups and help them get their ideas to the wider market. TCA provides not only funding but mentorship and access to an already large network of partners.
As of 2021, Tech Coast Angels has more than 450 members consisting of experienced C-Level executives, founders/owners of successful startups, high-level managers, current and former entrepreneurs, venture capitalists, academicians and other professionals. Although based in Southern California, the group invests in promising companies across the US with a focus on:
- Consumer software
- Internet of Things
- Artificial Intelligence
- other similar markets
Since its inception, Tech Coast Angels have invested more than $230 million in nearly 500 companies and have helped attract more than $2.1 billion in additional capital/follow-on rounds, mostly from venture capital companies.
- In 2019 the group invested over $19.1 million in 52 companies.
- In 2020, the group the amount was more than $19.5 million in 64 ventures;
The recent Halo Report put TCA in second place nationally in the number of funded deals. The success of TCA is based on both individual investments made by its members as well as the investment through (currently) three regional funds which parallel the investments of its individual members.
The structure of Tech Coast Angels consists of four regional networks in Southern California: Los Angeles, Orange County, San Diego, and the Inland Empire. Each one of those networks holds screening sessions twice a month where founders present their ideas to the Tech Coast Angels members.
The group is very active in the entrepreneurial ecosystem and regularly participates in related events: conferences, networking meetups, startup competitions, and various venture capital events. TCA itself sponsors many of them. Their relationships with the major colleges and universities in Southern California, incubators, accelerators, and as part of the Angel Syndication Network, provide them with access to potential commercialization opportunities and expertise that helps with the analysis of promising investments. Tech Coast Angels also have an excellent relationship with most of the major economic development agencies in Southern California and they often provide invaluable support to their portfolio companies.