IRVINE, Calif., Nov. 2, 2012 /PRNewswire/ -- According to the most recent Halo Report highlighting angel group investment activity and emerging trends for the first six months of 2012, Tech Coast Angels (TCA) topped the list of the most active angel investment network in the United States (total number of deals) and putting the most money to work in the country (total number of dollars). The Halo Report is a collaborative project between Silicon Valley Bank, Angel Resource Institute and CB Insights.
TCA raised more than $1 million of total investment in five companies during the period from July – September 2012. The companies include Garden Organics, SignNow, AnyMeeting, Nanoogo and mSIGNIA.
For the first three quarters of 2012, the organization funded 23 deals for a total of approximately $5 million in direct TCA investment, and raised over $12.5 million through its five regional networks (Los Angeles, San Diego, Orange County, Inland Empire and Central Coast).
"We are thrilled that the Halo Report found us the most active angel groups in both deals and dollars," said Stephen Flaim, Ph.D., FACC, FAHA, chairman of Tech Coast Angels. "We are also encouraged by the quality of young companies for whom TCA is able to provide benefits -- including, but also beyond, capital: mentorship, strategic support and access to a broad network of investors, talent and prospects."
About Tech Coast Angels:
Tech Coast Angels (www.techcoastangels.com) is the largest angel investor group in the United States. Its members provide funding and guidance to more early-stage, high-growth companies in Southern California than any other investment group. The organization has invested over $126 million in direct funding and has helped to raise $1.4 billion in total funds for over 210 companies since its inception in 1997.
TCA members invest in companies in a wide range of industries, including the life sciences, biotech, IT, services, retail, Internet, financial, software, media, consumer products and tech startups. According to a Halo Report issued by The Angel Resource Institute, Silicon Valley Bank and CB Insights in September 2012, TCA was among the five most active angel groups in the United States in the first half of 2012. TCA has more than 300 members, including its venture capital affiliates, in five networks in Los Angeles, Orange County, San Diego, Central Coast and the Inland Empire. More information on the Tech Coast Angels can be found at www.techcoastangels.com, www.facebook.com/techcoastangels or twitter.com/techcoastangels.
SOURCE Tech Coast Angels