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YouMail attracts $5.5 mln Series B

Irvine, California-based YouMail, a provider of intelligent cloud-based telecom services, has raised $5.5 million in Series B funding via a private placement. The investors were not identified; however, Digital Offering managed the private placement. Also, YouMail has named Brian Davi as its vice president of marketing. YouMail’s previous backers include Vantage Point Capital Partners, the Crunch Fund, Wavemaker Ventures and Tech Coast Angels.

Tech Coast Angels sets record last year with $16.4 mln invested

For the Tech Coast Angels, 2014 was the busiest year ever, with $16.4 million placed in 61 deals, according to a press release. Both capital dispersed and deals funded set records for the group, which was formed in 1997. Investment dollars were up 12 percent from 2013, the release stated.

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Biotech firm RetroSense Therapeutics picks up $6 mln

Ann Arbor, Michigan-based biotech firm RetroSense Therapeutics has received $6 million in a Series A financing. The investors included Nerveda, Blue Water Angels, SDL Ventures, Tech Coast Angels and Michigan Economic Development Corp.

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DFJ Frontier, Pasadena Angels lead $1.4 mln funding in Edufii

DFJ Frontier and Pasadena Angels have led a $1.4 million Series A funding in Edufii Inc., the social/mobile platform for skill development. Other participants in the funding round include the Gideon Hixon Fund, Tech Coast Angels, SLO Seed Ventures and coaching industry private investors including Tiger Woods’ first coach Rudy Duran. As part of the deal, Frank Foster, managing director of DFJ Frontier, has joined Edufii’s board.

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GroundMetrics bags $2.73 mln

Electromagnetic survey firm GroundMetrics has closed $2.73 million in Series B funding. The investors included Investors Cowboy Technology Angels, Tech Coast Angels, Crescent Ridge Partners, ACE Fund and Harvard Business School Alumni Angels.

Angel Groups Form Angel Syndication Network

Tech Coast Angels, a network of individual investors based in Southern California, has helped form what’s being called the Angel Syndication Network, an affiliation of angel investment groups across the U.S. that have banded together to provide entrepreneurs with more and larger financing rounds before leaving the angel system. PRESS RELEASE: Tech Coast Angels (TCA), […]

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OncoHealth Nets $1.6M Series A

OncoHealth Corp., the developer of HPV diagnostics and treatments, raised $1.6 million in what it called an oversubscribed round from investors including Band of Angels, Emergent Medical Partners, Halo Fund, Tech Coast Angels, The Angels Forum, and Wilmington Investor Network. Sand Hill Angels and Life Science Angels anchored the round.

AnaBios Inks $800K First Close of Series A

AnaBios Corp., a San Diego-based company that deploys assays and develops databases for the assessment of efficacy and safety of drugs, has raised $800,000 of a planned $2 million Series A financing round. Tech Coast Angels, and its Angel Capital Entrepreneur Fund contributed to the round.

Tech Coast Angels Hold First Close on Fund

Investor network Tech Coast Angels has held a first close of its Angel Capital Entrepreneurial Fund I. The amount of the close was not released. Tech Coast Angels focus on early-stage, high-growth companies in Southern California, and invests across a range of sectors including life sciences, retail, Internet, media and consumer products.

Tech Coast Angels Creates Endowment to Honor Villalobos

Luis Villalobos, co-founder of Tech Coast Angels, had been undergoing treatment for a lung infection in a Southern California hospital when he died Oct. 1 at the age of 70. Villalobos is often credited for propagating Southern California’s angel investment community. He launched Tech Coast Angels in 1997, served as its first president and he […]

Aging Female Bodies Have A Place To Shop Online

A few weeks ago, several of you came up with companies that let people tailor and order clothes online –A Tailored Suit, LoriCoulter.com, Archetype Solutions, Indochino and even Lands’ End.

One of them, MyShape.com, has just raised money –$10.56 million of a $12 million Series C round, according to a regulatory filing last week — from Draper Fisher Jurvetson, Tenaya Capital and Tech Coast Angels.

But MyShape is not just another online clothing company, according to investor Steve Jurvetson. The site is especially aimed at aging females — women between the ages of 55 and 64, who, he says, are the fastest growing category of online shoppers except for teenagers.

In June, Jurvetson went to Santa Clara University’s annual Silicon Valley (Baby) Boomer Venture Summit and Business Plan Competition to hunt for candidates for DFJ’s growing interest in companies that serve the aging, an area that he says is new to venture capital.

Masher Media Raises Angel Funding

Masher Media Inc., a Calabasas, Calif.-based maker of a virtual world for children, has raised $300,000 in seed funding from Tech Coast Angels. The round could be expanded by another $200,000 within the next month.

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