SOURCE: Tech Coast Angels

July 15, 2008 10:00 ET

Tech Coast Angels Surpasses One Billion Dollars in Third Party and Venture Capital Funding to Portfolio Companies

Historic Milestone for Southern California Economy

LOS ANGELES, CA--(Marketwire - July 15, 2008) - Tech Coast Angels, the largest angel investing group for Southern California startup companies, surpassed the one-billion dollar mark in attracting third party and venture capital funding to its portfolio companies.

"This billion-dollar milestone demonstrates economic impact," said Frank Peters, Chairman of The Tech Coast Angels Board of Governors. "It shows that we've succeeded in making an overwhelmingly positive impact on Southern California start-up companies while enhancing our local economy at the same time."

On its way to reaching this milestone, Tech Coast Angels has funded 150 startup companies.

About TCA

Tech Coast Angels is an organization for high net worth private investors committed to funding start-up companies. Founded in 1997 when a handful of investors from Orange County and Los Angeles met to form an angel group, since then Tech Coast Angels has expanded into the largest angel group in the country with 300 members operating in Santa Barbara, Westlake Village, Los Angeles, Orange County, San Diego and the Inland Empire. Tech Coast Angels invests in diverse industries such as finance, digital media, life science and biotech, software, technical services, IT, transportation services, food and beverages, games, retail, internet commerce and consumer products.

For more information, visit www.techcoastangels.com.

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