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Venture Capital
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Investments

434

Portfolio Exits

51

Funds

3

Partners & Customers

2

About NuFund Venture Group

NuFund Venture Group, formerly Tech Coast Angels - San Diego, is an early-stage investor active in the San Diego and Southern California startup community.

NuFund Venture Group Headquarter Location

Los Angeles, California,

United States

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Latest NuFund Venture Group News

Tech Coast Angels–SD Rebrands as NuFund

Mar 23, 2022

Tech Coast Angels–San Diego is changing its name to NuFund Venture Group. The rebranding, announced today, is meant to better represent the group’s “national reach and fund-first model,” said Ashok Kamal, NuFund’s executive director and co-fund manager. “NuFund has invested in not only San Diego-based companies, but also other high-performing portfolio companies including Casana, a New York-based connected device for measuring heart health that just closed a $30 million Series B round after NuFund’s investment in the seed round,” Kamal added, explaining that the COVID pandemic also accelerated a strategy to implement a more “virtual, expansive model” for the investor group. “The pandemic forced us to re-examine and adjust our culture and operations in a way that reached a larger scope of investors and founders in order to not only continue our business but also thrive by investing in the best startups around the country,” he said. As the area’s only licensee of the Tech Coast Angels brand, Tech Coast Angels–San Diego had always operated as an independent fund with a different approach to angel investing. Most angel investors write checks directly to companies, whereas TCA-SD —  now NuFund —  pools investor money in an annual fund. “We raise the money once a year from the membership, then we deploy it over the course of the year in a rolling fashion until it’s fully invested and then we do it again the next year and that’s the next vintage,” Kamal said. The group’s first vintage in the annual fund was $2.2 million and now in its fourth vintage, that number has grown to $6.9 million for an accumulated $17 million in assets under management. Last year, the group invested over $13 million. Membership in TCA-SD — now NuFund — has nearly tripled over the last three years to over 350 investors, according to a press release from the group. “We have a unique position in the early-stage investor market with a leading fund and member-managed culture that is diverse, inclusive, engaging, rewarding and fun all at the same time," said Caitlin Wege, NuFund’s board chair and president, who is also a partner at MoosDoos Investments. NuFund plans to continue to work closely with the Tech Coast Angels sharing deals, community and best practices in the SoCal startup ecosystem. “Our roots are firmly in San Diego, but we have expanded into a national group that can rapidly fund a startup company with up to $500,000 of capital,” Wege said. “This has helped us access some of the best people and investments everywhere.” Some of the group’s “best investments” recently have included exits like Doctible (an 8x return on investment), Discover Echo (5x), Companion Medical (58x), Zentalis Pharmaceuticals (6x), Insight Medical Systems (4x) and Portfolium (6x).

NuFund Venture Group Investments

434 Investments

NuFund Venture Group has made 434 investments. Their latest investment was in Anchor as part of their Seed VC - IV on June 6, 2022.

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NuFund Venture Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/6/2022

Seed VC - IV

Anchor

$0.5M

Yes

1

4/25/2022

Seed VC

Indicio

$3.5M

Yes

1

3/15/2022

Series B

Arima Genomics

$7M

Yes

6

2/16/2022

Seed VC - IV

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$99M

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10

2/2/2022

Seed VC

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$99M

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10

Date

6/6/2022

4/25/2022

3/15/2022

2/16/2022

2/2/2022

Round

Seed VC - IV

Seed VC

Series B

Seed VC - IV

Seed VC

Company

Anchor

Indicio

Arima Genomics

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Amount

$0.5M

$3.5M

$7M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

6

10

10

NuFund Venture Group Portfolio Exits

51 Portfolio Exits

NuFund Venture Group has 51 portfolio exits. Their latest portfolio exit was EV Connect on June 21, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/21/2022

Acquired

$99M

3

5/23/2022

Acquired

$99M

1

5/17/2022

Acquired

$99M

1

4/26/2022

Acquired

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$99M

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10

2/8/2022

Acquired

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$99M

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10

Date

6/21/2022

5/23/2022

5/17/2022

4/26/2022

2/8/2022

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

1

1

10

10

NuFund Venture Group Fund History

3 Fund Histories

NuFund Venture Group has 3 funds, including ACE Annual Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

ACE Annual Fund

1

TCA OC Fund 20

10

ACE 21

$99M

10

Closing Date

Fund

ACE Annual Fund

TCA OC Fund 20

ACE 21

Fund Type

Status

Amount

$99M

Sources

1

10

10

NuFund Venture Group Partners & Customers

2 Partners and customers

NuFund Venture Group has 2 strategic partners and customers. NuFund Venture Group recently partnered with ProSeeder Technologies on April 4, 2015.

Date

Type

Business Partner

Country

News Snippet

Sources

4/14/2015

Partner

United States

Influential Angel Network’s Experience, Knowledge and Size Guided. Tech Coast Angels to Adopt ProSeeder’s Deal Flow Management Platform Expansion of ProSeeder’s Feature Set and New Mobile App; Benefits All Angel Groups.

ProSeeder Technologies collaborated with Tech Coast Angels to create a solution that incorporated features of the existing Tech Coast Angels system while expanding its reach and depth .

1

Partner

United States

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10

Date

4/14/2015

Type

Partner

Partner

Business Partner

Country

United States

United States

News Snippet

Influential Angel Network’s Experience, Knowledge and Size Guided. Tech Coast Angels to Adopt ProSeeder’s Deal Flow Management Platform Expansion of ProSeeder’s Feature Set and New Mobile App; Benefits All Angel Groups.

ProSeeder Technologies collaborated with Tech Coast Angels to create a solution that incorporated features of the existing Tech Coast Angels system while expanding its reach and depth .

Subscribe to see more

Subscribe to see more

Sources

1

10

NuFund Venture Group Team

10 Team Members

NuFund Venture Group has 10 team members, including current President, Christopher Hameetman.

Name

Work History

Title

Status

Fred Haney

Founder

Current

Christopher Hameetman

President

Current

Michael Panesis

President

Current

Digvijay Sunny Singh

President

Current

Grant Van Cleve

President

Current

Name

Fred Haney

Christopher Hameetman

Michael Panesis

Digvijay Sunny Singh

Grant Van Cleve

Work History

Title

Founder

President

President

President

President

Status

Current

Current

Current

Current

Current

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