“…it’s quite exciting to see the tremendous level of energy and commitment from our angel members, and helping entrepreneurs get their start-ups off the ground with accelerated funding opportunities through the TCA LA Fund 3.” – Ken Borkan, TCA LA fund manager

The Los Angeles Network of Tech Coast Angels (TCA LA) today announced that its chapter fund, TCA LA Fund 3, has more than doubled assets under management compared to last year’s TCA LA Fund 2.

TCA LA Fund 3 saw a staggering 50% increase in participation over last year, with over 100 TCA members, all accredited angel investors, participating in this year’s fund. The final closing of the fund is scheduled for the end of July.

TCA LA Fund 2 has invested in 14 startups, with a successful exit already achieved. TCA LA plans to fund 10-15 promising early-stage companies with this year’s fund, similar to last year. TCA-LA’s large and diverse membership base is able to provide selected startups with larger investments and peer/mentorship benefits. TCA LA Fund 3 is the largest chapter fund within the TCA network.

“TCA LA Fund 3 gives members of Tech Coast Angels the opportunity to diversify their early-stage investments by investing in a portfolio of companies reviewed and selected by fund members who have expertise in a wide range of industries,” said Ken Borkan, director of the TCA LA Fund. “The Fund’s investment is in addition to investments made by individual members, providing an important one-stop source of investment capital for start-up businesses.”

Startups can apply for individual and fund investments from TCA LA, and angel investors can apply for TCA membership, at: https://www.techcoastangels.la.

“Pandemics, recessions and interest rate hikes notwithstanding, it is quite exciting to see the tremendous level of energy and commitment of our angel members, and helping entrepreneurs get their start-ups off the ground. through accelerated funding opportunities through TCA LA Fund 3,” Mr. Borkan concluded.

About Tech Coast Angels:

Since its inception in 1997, Tech Coast Angels (TCA) has invested over $255 million in over 500 companies and helped attract over $1.7 billion in incremental capital/follow-on rounds. The Tech Coast Angels network includes TCA Los Angeles, TCA Orange Country, TCA Inland Empire, Pasadena Angels and MED Angels. One of the largest and most active angel investor groups in the country, TCA and its Affiliate Member Networks have over 400 members and are a leading source of funding for start-up and start-up businesses. TCA members are founders and CEOs, all of whom are accredited investors with in-depth knowledge of the investment process and world-class business practices. This real-world experience enables TCA members to provide companies with benefits beyond capital: advice, mentorship, and access to a vast network of investors and other resources. http://www.techcoastangels.com

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