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Tech Coast Angels Formally Announces New Fund, ACE

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Angel investing group the Tech Coast Angels has officially announced its new investment fund, the ACE Fund , as the group has begun to broaden out its investments strategy. No details on the size of the fund was announced, however, the group has earlier said it has targeted the fund at around $5-6M.

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Good Eggs Gets Funding For Grocery Delivery In LA

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Good Eggs , an online, local grocery delivery service which has been piloting its services in Los Angeles, has raised $8.5M in a funding round from Sequoia Capital, the company said Thursday. The company is based in San Francisco, and also has been piloting its service in Brooklyn and New Orleans. READ MORE>>.

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Green Dot Sets Pricing Range

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Monrovia-based Green Dot , the provider of prepaid debit cards, has set pricing on its IPO, saying in a filing Friday that it estimates and initial public offering price of between $32.00 Green Dot filed for an IPO in February, and is backed by Sequoia Capital, TTP Fund, and the Tech Coast Angeles. and $35.00

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Ondax Raises $2M More

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Monrovia-based Ondax , a developer of optical filters and laser sources based on research out of the California Institute of Technology, has raised $2M in a Series E investment. According to the Pasadena Angels, one of the investors in the firm, the round also included the Tech Coast Angels and un-named venture capital firms.

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Green Dot Files For IPO

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Monrovia-based Green Dot , a provider of pre-paid VISA and Mastercard cards, has filed for an IPO, saying this morning that it is looking to raise up to $150M in an IPO on the NYSE. Green Dot is venture backed by Sequoia Capital, TTP Fund, as well as a significant number of Tech Coast Angels.

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Ondax Names Belz To Board

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Monrovia-based Ondax , which develops laser products and holographic gratings used in defense, industrial, medical diagnostics, analytical instrumentation, and consumer electronics markets, has added Andrea Belz to its board, the firm said Monday. Belz was the lead investor on the funding round. READ MORE>>.

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Video: Green Dot's GoBank Explained

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Monrovia, California-based Green Dot --which created the entire category of prepaid credit cards when it was just a small, angel funded startup in Southern California--is now looking to turn another industry on its head--banking. READ MORE>>.

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