Terecircuits Announces New Funding from Tech Coast Angels Orange County
Terecircuits Corporation, a pioneering provider of materials and processes supporting micro-assembly of displays and advanced electronics, is pleased to announce an investment from Tech Coast Angels of Orange County.
“We are excited about this latest investment from Tech Coast Angels,” said Wayne Rickard, CEO Terecircuits. “It will allow us to add critical resources, advancing our progress toward our company’s mission of making micro-assembly accessible and affordable for the next generation of microLED displays, IoT devices, wearables, smart vehicles, virtual reality, and medical devices. Working with such a large and experienced group of angel investors has brought both new capital and helpful additional expertise to our team.”
Tech Coast Angels OC member Ray Weston led the due diligence and negotiations for Tech Coast Angels members. He added: “We were pleased to meet the Terecircuits founders and learn about their innovative approach of using polymer chemistry to replace the mechanical process traditionally used to assemble electronics. We see the potential for Terecircuits’ technology to deliver a step-change in nanodevice assembly by dramatically reducing the costs, time, and error rate of manufacturing products such as advanced flat panel displays. Terecircuits is a great example of the type of entrepreneurship that TCA members like to support.”
The new investment in Terecircuits Corporation was the fourth equity investment from Tech Coast Angels Orange County’s 2020 chapter fund. A new pool of startup capital collected from TCA members, the fund’s goal is to invest in 10-15 new companies each year.
“The new TCA OC 2020 chapter fund is the first of our annual investment funds,” said Jim Pickell, Fund Chair for TCA OC. “We’re putting early stage capital to work more quickly and efficiently than ever before through this new structure. We invite startup growth company CEOs to contact Tech Coast Angels to learn more,” said David Friedman, President of TCA OC.
About Tech Coast Angels
Tech Coast Angels (TCA) is one of the largest and most active angel investor networks in the nation, and a leading source of funding for seed-stage and early-stage companies. The angel network is comprised of five chapters, consisting of over 450 members in Southern California. Every TCA member is an accredited investor, and companies in which TCA invest go through well-structured, transparent, time-efficient screening and due diligence. TCA members are founders and business leaders who have extensive knowledge in the investment process and world-class business practices, and thus are able to provide companies with more than just capital: they also contribute counsel, mentoring and access to an extensive network of investors, customers, strategic partners and management.
Since its founding in 1997, TCA has invested over $240 million in more than 435 companies and has helped attract more than $1.6 billion in additional capital/follow-on rounds. http://www.techcoastangels.com
About Terecircuits Corporation
Terecircuits Corporation is a venture-backed startup, launched by founders with previous startup success, years of experience, and a truly groundbreaking core technology that will enable products requiring micron-scale circuit fabrication and assembly to be built faster and with greater accuracy than is achievable with today’s best practices. ”Instrumenting the world” as envisioned by Industry 4.0 and IoT will require fundamental changes to advanced manufacturing to handle the sheer scale of production at reasonable costs. Meeting these challenges with new and inventive materials and processes is our goal at Terecircuits. Besides enabling products that have never been built before, the Terecircuits process requires less energy and less capital equipment, democratizing advanced electronics manufacturing for Displays, Wearables, Smart Vehicles, Virtual Reality, and Medical Devices.
SOURCE: Tech Coast Angels
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