“We are excited about this investment from Tech Coast Angels Orange County. It will allow us to scale as we prepare for a commercial activation with a major wireless carrier, advancing our progress toward our company’s mission of being the preferred camera solution,” said Mobilize Solutions CEO, Aaron Horvath. “Working with such a large and experienced group of angel investors has brought both new capital and helpful additional expertise to our team.”
TCA OC Vice President Lisa Walker led the due diligence and negotiations for Tech Coast Angels members. She added: “We were pleased to meet Aaron Horvath and learn about Mobilize’s innovative approach to mobile camera technology. My background in mobile imaging and the combined strength of the TCA team enabled quick diligence and decision making to support Mobilize’s funding goals.”
The new investment in Mobilize is an equity investment from TCA OC’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 TCA OC 2020 chapter fund is the first of our annual investment funds, and we’re off to a strong start,” said Jim Pickell, Fund Chair. “We’re putting early stage capital to work more quickly and efficiently than ever before through this new structure” said David Friedman, President of Tech Coast Angels Orange County. “We invite startup growth company CEOs to contact Tech Coast Angels to learn more.”
ABOUT MOBILIZE SOLUTIONS
Mobilize Solutions Inc, formed in 2015, has developed an ad-tech platform that delivers timely and relevant content (geo-filters, AR, GIFs) within the mobile camera experience. The platform is scalable and configurable making it easy for wireless providers and app publishers to white label or embed the feature as an APK or SDK. To learn more visit the company website at www.mobilize.solutions.
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.
SOURCE: Tech Coast Angels