L.A. Tech Updates: Tech Coast Angels L.A. Has A New Annual Fund
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):
- Hawthorne Effect
- Neural Analytics
- Noria Water Technologies
- Razberi Technologies*
- Ready, Set, Food!*
- 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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