SAN DIEGO, July 23, 2021 /PRNewswire/ — One of the largest angel investment networks in the country, San Diego Angel Conference (SDAC) has reached a significant milestone by collectively helping to raise $1.7 million for U.S. companies in the first six months of 2021. Backed by the University of San Diego School of Business, the three-year-old organization focuses on boosting promising early-stage companies and helping accredited angel investors grow their portfolios in an approachable and inclusive environment.
“The best thing about SDAC is how openly, honestly and respectfully it operates, and without egos,” says SDAC member investor Silas Smith. “It is a safe space where questions can be asked without fear and knowledge is shared openly.”
Raised by SDAC’s network of 63 members, the $1.7 million includes $731,500 in checks written in association with SDAC’s annual conference which took place on March 20, 2021, as well as funds raised outside of the event over the first six months of the year. The $731,500 was awarded to startups including Advocat Technologies, ChargeNet, Fluid Power AI, Verity and Abterra Biosciences (formerly Digital Proteomics). Since the conference, finalist startups have received additional funding as a result of investment vehicles such as Special Purpose Vehicles (SPVs) and syndications with other angel groups across the United States.
Funded startups include:
- Advocat Technologies raised $282,500 as the annual conference winner and received…
