The TCA OC Fund 20 is designed to make it easier for entrepreneurs to access capital, while providing investors with the benefit of the diverse expertise that Tech Coast Angels can offer.” - OC Fund 20 Chair, Jim Pickell.
IRVINE, Calif. (PRWEB) March 10, 2020
Tech Coast Angels Orange County (TCA OC) today announced its inaugural annual fund, TCA OC Fund 20, created to provide an additional source of capital for entrepreneurs and a new opportunity for angel investors. The fund is being deployed this month and provide 10 to 15 innovative, early-stage, companies with startup capital during 2020. The fund will be replenished each year, and is expected to result in 100 to 150 investments, with over $25 million invested over the next decade. While the fund will be “regionally opportunistic,” investments outside of California that have significant potential for growth will be considered.
“The TCA OC Fund 20 is designed to make it easier for entrepreneurs to access capital, while providing investors with the benefit of the diverse expertise that Tech Coast Angels can offer,” said Fund Chair, Jim Pickell. “Our current angel members will be able to quickly diversify their portfolios, improve their returns and reduce their risk, while investing directly alongside the fund as well. In conjunction with our deep and growing TCA network, we can work closely with companies to better connect them with capital and the mentors they need to scale more efficiently.”
A new fund will be available for accredited TCA members each year. For more information, about TCA OC Fund 20 or becoming a member of Tech Coast Angels, please visit http://www.techcoastangels.com/angels.
About Tech Coast Angels:
Tech Coast Angels is one of the largest and most active angel investor networks in the nation, and a leading source of funding for seed-stage and early-stage companies across all industries. TCA members are accredited investors who individually invest in startup companies. Companies go through well-structured, transparent, and time efficient screening and due diligence. As founders and executive-level leaders, TCA members provide companies with more than just capital; they also contribute counsel, mentoring and access to an extensive network of investors, customers, strategic partners and management.
TCA is a catalyst in the growth of the thriving Southern California entrepreneurial ecosystem of innovation. A recent analysis by CB Insights ranked TCA #1 out of 370 angel groups on "Network Centrality" and #5 overall in "Investor Mosaic." Since its founding in 1997, TCA has invested over $230 million in more than 400 companies and has helped attract more than $1.6 billion in additional capital/follow-on rounds, mostly from venture capital firms. http://www.techcoastangels.com