Tech Coast Angels

Tech Coast Angels

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Headquarters Location

United States, Newport Beach

About

Tech Coast Angels is the renowned VC, which was created in 1997. The fund is located in United States, North America. The main office of this VC is situated in Newport Beach.

Among the most popular portfolio start-ups of the fund, are MINDBODY, PowerPlan, Procore Technologies. The country of its establishment and the country of its most frequent investments coincides - United States. However, start-ups from 2 other countries can be found in the fund's portfolio. Among their most successful investment fields, we have identified Health Care, Medical Device. Also, because of its portfolio diversification tendency, we can highlight 31 more industries for this fund. The fund has no an exact preference in the amount of founders of companies in its portfolio. If the applying start-up has 5+ founders, it is very unlikely that funding will be awarded. Moreover, a start-up needs to be 4-5 years old to get investment from this fund.

This fund was the most active in 2018. Besides, in 2019 the fund was active. The highest number of exits from this fund were in 2014. In comparison with other funds, Tech Coast Angels makes 16 percentage points less than the average number of lead investments. Deals in the range of 1 - 5 millions dollars are most common for this fund. The fund performance shows that this VC achieves 12 percentage points less exits in comparison to other VCs. The fund typically enters into 13-24 deals annually. When Tech Coast Angels invests, the average start-up valuation is 1-5 millions dollars.

The fund typically invests in rounds with 1-2 participants. Aside from Tech Coast Angels, start-ups are often funded by Wavemaker Partners, Y Combinator, Pasadena Angels and 89 other funds. The most common co-investors for the fund are Mucker Capital, Life Science Angels, K5 Ventures and also 64 different VCs. In subsequent rounds, the fund is usually joined by Wavemaker Partners, Sigma Partners, Pasadena Angels, as well as 114 other investors.

The overall number of key employees in the fund's team is 8.

Year Founded

1997

Fund Activity

Operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: techcoastangels.com; User name format in descending order of probability: first '.' last, first

Group Appearance [how often fund is operating separately from groups with shared interest]

89.0% of cases

Investments per Year [average amount of rounds in which fund participates each year]

13-24

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

12.1% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x11.8

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

4 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.37 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

3

Funds Investing in Previous
Rounds

Wavemaker Partners, Y Combinator, Pasadena Angels

Funds Investing in Following
Rounds

Wavemaker Partners, Sigma Partners, Pasadena Angels

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