Strengthened alliance of these renowned angel groups to deliver expanded deal flow and technical expertise to members, and more capital and mentorship to entrepreneurs
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IRVINE, Calif. and PASADENA, Calif. – January 18, 2022 – Tech Coast Angels (TCA) and Pasadena Angels (PA) today announced that Pasadena Angels will become a member of the Tech Coast Angels network. While PA will maintain its identity, its affiliation with TCA will have the benefits of a strengthened collaboration, including a seat on TCA’s Board of Governors, better deal flow access, and streamlined operations. For entrepreneurs, this means additional expertise, mentorship, and funding opportunities. The alliance of these two distinguished groups will form one of the largest, most influential angel groups in the world.
Today’s announcement is a logical step for both networks. Both PA and TCA will gain access to each other’s entrepreneurial ecosystems, including due diligence expertise, strong databases of deals and potential deals, access each other’s investment funds and new programs for improving deal selection.
“We’ve had a close relationship with Pasadena Angels for a very long time,” said Jeff Lapin, TCA chairman. “We have invested in many deals together, and some of those deals, such as MindBody and Bluebeam, have already had very successful exits. Taking our relationship to the next level builds on this collaboration for our members, and it also augments our already large and diverse set of advisors, mentors, and investors we can bring to startups and young companies.”
“Strengthening our relationship with TCA allows for PA to share deal flow, due diligence, and expertise. Our angel community isn’t a competitive landscape; we often collaborate with other angels to brainstorm, share knowledge and to seek and fund the very best and brightest entrepreneurs,” said Dave de Csepel, Chairman of the Pasadena Angels. “As seed rounds and capital raises grow evermore significant, there’s an opportunity to widen our funnel, make great investments, and help advance some terrific, enterprising, small companies.”
About Tech Coast Angels:
Tech Coast Angels (TCA) 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. The angel network consists of more than 500 members in Southern California. Every TCA member is an accredited investor, and companies in which TCA invests go through well-structured, transparent, time-efficient screening and due diligence. TCA members are founders and business leaders who have extensive knowledge in the investment process and world-class business practices, and thus are able to 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. In December 2020, TiE named Tech Coast Angels the Most Active Angel Network in the World. Since its founding in 1997 by Luis Villalobos, TCA has invested over $255 million in more than 500 companies and has helped attract more than $1.7 billion in additional capital/follow-on rounds. www.techcoastangels.com
About Pasadena Angels:
The Pasadena Angels (PA) was formed in the Spring of 2000 by DuWayne Peterson, based on the core belief that the best way to help emerging companies is to harness the expertise and capital from a group of informed and connected investors. Over the past 22 years, the original group of nine investors has grown to more than 100, and PA has consistently been recognized as one of the top angel investing groups in the US. PA funds between 15 – 18 new companies every year, with follow-on funding of another 6-10 deals per year. www.pasadenaangels.com