Tech Coast Angels Declares Record First Quarter; Angel Network Invests $3.8M in Q1 2017

▤ Summary

Tech Coast Angels invested $3.8 million in 17 deals in Q1 2017, its strongest first quarter by dollars and deal count in the network's 20-year history. Ninety-nine percent of the capital went to Southern California companies, and 93% of the dollars funded nine new portfolio companies. Most investments were early-stage (Seed, Series A or bridge), and 74% of the dollars went into companies already generating revenue. TCA also recorded three exits during the quarter, including Savara's move toward public markets and WeGoLook's acquisition, demonstrating both active investing and realized returns.

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