The San Diego chapter of the Tech Coast Angels said Wednesday it funded 15 startups with a total of $7.3 million in the first half of 2014 — as much as in all of last year.
“This is by far the most active year in our history,” said Jeff Draa, president of the San Diego Tech Coast Angels. “The type of tech companies in our portfolio also run the gamut; from consumer-oriented firms to life science and healthcare. Our members are committed to fueling the innovation economy and we’re excited for what this means in terms of economic opportunities for the region as a whole.”
The average investment size so far this year by the organization was more than $485,000.
In the past two and one-half years, San Diego Tech Coast Angels has invested $18 million in startups, with $10 million of those investments in the life science and healthcare industries.
“We continue to actively seek out entrepreneurs with great ideas that are in need not only of funds, but also of the strategic counsel and guidance that come with our investment,” said Jack Scatizzi, lead analyst for San Diego Tech Coast Angels.
The San Diego chapter was the second most active angel investing organization in the United States last year. Tech Coast Angels also has chapters in Orange County and Los Angeles.
An “angel investor,” as distinguished from a venture capitalist, is an individual who provides capital for a startup.
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