Daina Trout is the CEO and co-founder of Health-Ade Kombucha, one of the most successful kombucha companies on the market. She started Health-Ade in 2012 alongside her husband and best friend.

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Here are the latest updates on news affecting Los Angeles' startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for more.

Tech Coast Angels' Los Angeles Announces Annual Fund

Tech Coast Angels-Los Angeles (TCA-LA), one of the largest and most active angel investor networks in the nation, has announced its first members-only fund. The entire fund will be deployed this year, mostly to companies based in Southern California.

TCA-LA has invested in eleven companies this year (six after the coronavirus outbreak), and TCA-LA's 2020 Annual Fund has invested in five companies this year, (three after the outbreak):

  • Fitplan*
  • Grolens*
  • Hawthorne Effect
  • Nevados*
  • Neural Analytics
  • Noria Water Technologies
  • Razberi Technologies*
  • Ready, Set, Food!*
  • Recess
  • Somabar
  • Turn Technologies

(* TCA-LA 2020 Annual Fund companies)

TCA-LA also announced it has streamlined its due-diligence process to provide a decision within 30 days of a company's presentation to the angel network.

"Far too often, founders lose valuable time focused on a lengthy fundraising process when they'd rather be focused on operating. Our fund will invest quickly and will target $200,000 per check," Brian Horner, president of TCA-LA said in a statement. "This new fund is a great way to provide our members with diversification across a larger number of early stage companies while providing meaningful and fast capital to entrepreneurs."

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