Pasadena Angels – It’s More Than the Money


first_img Your email address will not be published. Required fields are marked * Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Make a comment Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Subscribe Community News More Cool Stuff HerbeautyPriyanka Chopra’s 10 Year Challenge Pic Will Surprise YouHerbeautyHerbeautyHerbeautyNerdy Movie Kids Who Look Unrecognizable TodayHerbeautyHerbeautyHerbeauty10 Reasons Why Selena Gomez Has Billions Of FansHerbeautyHerbeautyHerbeautyAmazing Sparks Of On-Screen Chemistry From The 90-sHerbeautyHerbeautyHerbeautyTips From A Professional Stylist On How To Look Stunning In 2020HerbeautyHerbeautyHerbeauty10 Sea Salt Scrubs You Can Make YourselfHerbeautyHerbeauty 17 recommended0 commentsShareShareTweetSharePin it Top of the News center_img The Pasadena Angels (PA) today announced the first investment from their PA Fund 1 (The Fund). The Fund invested an additional $75K in Nevados Engineering, a clean tech company whose solar single-axis-tracker enables ground-based installation on virtually any terrain; improving on solar project economics. The Pasadena Angels have previously invested $240K in Nevados, this additional funding from The Fund will allow Nevados to fully execute on their grant funding from the U.S. Department of Energy’s SunShot Initiative. Nevados is also a Los Angeles Cleantech Incubator (LACI) company, one of four LACI companies that the Pasadena Angels have invested in.The Fund was formed in May of this year with a total investment of $1.3 million; for the purpose of co-investing exclusively in deals that are subscribed by Pasadena Angels members. “We are pleased to be an additional source of follow on funding for our portfolio companies. It speaks to our commitment of not only providing a wealth of human capital but also strong financial support to promising start-ups” A statement from Pasadena Angels PA Fund1 chairs, Anthony Valencia & Terry KayThe Pasadena Angels’ 100 plus members invest individually and directly, without any legal pooling of financial resources. The Fund will give PA members the opportunity to invest as a group and increase their portfolio diversification. The Fund expects to make investments of $50,000 – $100,000 per company across emerging companies being funded by the Pasadena Angels. The PA Fund 1 operations are managed by Pasadena Angels members Terry Kay and Anthony Valencia.About the Pasadena AngelsThe Pasadena Angels was founded in 2000 and is one of the longest running angel groups in Southern California. Members have invested over $65 million in over 175 companies. Pasadena Angels funded companies have gone on to raise over $500 million from additional funding sources such as venture capital and private equity. Recent notable exits for the Pasadena Angels are Mind Body Software (NASDAQ:MB) and Bluebeam Software. In 2015, the group invested a total of $5M in 27 companies. The Pasadena Angels was ranked one of the top ten angel investing groups in the country according to Forbes Magazine (2015). A nonprofit entity, the Pasadena Angels offers early stage start-ups capital investments; as well as mentoring from the expertise of more than 100 investor members with over 4,000 years of combined business expertise. http://pasadenaangels.com/ Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes center column 2 Pasadena Angels – It’s More Than the Money From STAFF REPORTS Published on Tuesday, August 2, 2016 | 11:22 am Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena First Heatwave Expected Next Week Name (required)  Mail (required) (not be published)  Website  Business News Community Newslast_img

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