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INVESTMENT NEWS
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Tech Coast Angels participates in 14 deals totaling $19 million

Investments were led by three recently closed transactions.

By Kristen SchottPublished: August 16, 2010 03:10 PM

Irvine-based angel investment network Tech Coast Angels – or TCA – participated in 14 deals totaling about $19 million by the close of the second quarter.

The investments were led by three recently closed transactions – an initial public offering for Monrovia-based Green Dot Corp. and another for San Diego's Trius Therapeutics, and the $42.5 million acquisition of Language Weaver in L.A.

Together, they mark what has been a "dynamic year" for the group, which is the largest of its kind in the U.S.

"A lot of people with dynamic new ideas are looking at the economy with trepidation, and we want them to know that entrepreneurship is alive and well," said Richard Sudek, chairman of TCA.

TCA also invested in OLFactor, HitFix and Vokle, among others, during the second quarter.

"Great, game-changing ideas are always welcome," said Sudek, "and TCA is doing everything we can to make the process of creating a working company smooth and forward-moving."

TCA has more than 250 members in five networks throughout Orange County, L.A., San Diego, Westlake/Santa Barbara and the Inland Empire.

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