Wednesday, March 30, 2011

TCA Trumpets Exits

The Tech Coast Angels, the biggest angel investment group in Southern California, is trumpeting its involvement in five exits in 2010 today. The Tech Coast Angels said that it saw a 78.75 percent IRR as part of its involvement in the Series D financing of Mind Body Partnerships. The angel group also pointed out exits in Integrien, acquired by VMware for $100M in August; the acquisition of Language Weaver by SDL in July for $42.5M; the IPO of Trius Therapeutics, which raised $60M in an IPO in August; as well as the IPO of Green Dot Corporation. The TCA did not give details on the gains from those different exits, though the group did re-iterate that early investors in Green Dot received over a 100 times return.