S
outhern California’s Tech Coast Angels said today its new Angel Capital Entrepreneurial (ACE) Fund 1, which was formed last year as an alternative investment vehicle for early stage startups, has made its first investment—in Vokle, an Internet startup in the Los Angeles area.
The fund is not announcing how much capital it has raised so far, according to former Tech Coast Angels (TCA) chairman Dave Berkus, who spearheaded the effort. “We are working to add accredited or institutional investors from outside of TCA,” Berkus writes in an e-mail to me today. “The Fund successfully closed its TCA round (although members may still invest, but must be approved (on a) case-by-case by the Fund’s executive committee).”
To read the full, original article click on this link: Tech Coast Angels Makes First Investment From New Fund | Xconomy
Author: Bruce V. Bigelow
