Sacramento Angels group makes change to fund more startups

Posted Leave a commentPosted in Membership

The Sacramento Angels investment group expects to do more deals with a new investment structure that has attracted more investor participation. The group last year changed into a multi-class limited liability corporation, a structure which simplifies record-keeping, investing and taxes.

Sacramento Angels, which has been around since 2000, was previously structured loosely, with its individual angel investors deciding whether to invest in companies. If they did invest, they invested personally and wrote a check.

Terzo Power, Inc awarded two major energy & technology grants from the California Energy Commission

Posted Leave a commentPosted in Portfolio, Raising money

Portfolio company, Terzo Power, Inc, a Northern California-based start-up company focused on its’ innovative HydraPulse integrated hydraulic power control solution for industrial and agricultural applications, has been awarded two separate, non-dilutive grants from the California Energy Commission. The grants, totaling nearly $4 million, are designed to recognize and facilitate the research, development and market deployment of clean energy technologies. The HydraPulse integrated hydraulic power unit and programmable control software, fully compatible with current equipment, will assist industrial and agricultural manufacturing companies nationwide in meeting federal Tier 4 compliance while providing exceptional multi-faceted cost and maintenance efficiencies.

Portfolio Company Flirtey Raises $16M in Venture Capital to Accelerate Growth as a Pioneer in “Delivery as a Service” with Drones

Posted Leave a commentPosted in Investments, Portfolio

We were one of the first investors in Drone pioneer Flirtey in 2015. Since then the company has scored many firsts in the “Delivery as a Service” market, including some of the first flights approved by the FAA.

They have just raised their Series A round and it was led by Menlo Ventures and Qualcomm Ventures, who were also seed investors subsequent to our investment. This round was also joined by Chris Sacca’s Lowercase Capital, Y Combinator and World Innovation Lab, a firm that counts among its limited partners the Japanese airline ANA, Goodwater Capital, Amity Ventures and Partech Ventures.

Portfolio Company Work Truck Solutions Continues to Scale Rapidly

Posted Leave a commentPosted in Portfolio

We invested in Work Truck Solutions in 2014 together with other members of the InSync Angel Network. They continue to scale rapidly; now they have over 500 dealers using their SaaS solution. They have also launched locator and inventory management services for other stakeholders in the industry such as body manufacturers and distributors. As a result, they have validated the position as the supply chain platform for the Work Truck industry. Plans to scale even more rapidly in 2017 are well under way.

Visicon Technologies Acquired by Electro Scientific Industries, Inc.

Posted Leave a commentPosted in Exits, Portfolio

Electro Scientific Industries, Inc. (NASDAQ:ESIO) acquired portfolio company Visicon Technologies in August, 2016. We invested in Visicon first in 2007 and members have made subsequent investments. The acquisition is mentioned in this press release.

It appears a good match for ESIO and Visicon. Visicon’s machine vision based products and services are designed specifically to deliver the high throughput, high accuracy, measurement and defect detection systems that enable a business to reduce inspection costs, improve manufacturing processes and increase quality, while ESIO is an innovator of laser-based manufacturing solutions for the microtechnology industry,

VinoShipper partners with top-rated ABC reality television series “The Bachelor” to manage compliance and fulfilment of branded wine offering

Posted Leave a commentPosted in Portfolio

Sacramento Angels portfolio company VinoShipper, a Windsor, California, based service provider to the wine industry since 2006, has announced that they are partnering with the No. 1 rated ABC network reality-television series “The Bachelor” to provide sales-through-delivery management of a newly-released “Bachelor” and “Bachelorette” branded selection of wines. With a viewership of over 8 million in key age demographics (not including the multiple spin-offs), “The Bachelor” partnership is a significant addition to the cloud-based sales and compliance expertise of VinoShipper. See the website here:

Vinoshipper has similar partnerships with the TV series, Downton Abbey, and foodie media group, Epicurious.

Portfolio Company Revionics Recognized as a Top Retail Software Provider

Posted Leave a commentPosted in Portfolio

Revionics was a 2006 investment by members of the group. They have emerged a a global leader in profit optimization services and solutions. Their analytics and science serve as the backbone of omni-channel retailing to help performance-driven retailers execute profitable pricing, promotion, markdown, and space decisions with predictable business outcomes.

They have just been recognized once again as a top 10 retail software provider.  Read the full press release.

Metacert raises $1.2 million to detect malware on enterprise bots like Slack, Microsoft Teams

Posted Leave a commentPosted in Investments, Portfolio

We invested in Metacert earlier this year along side TiE Angels and Sierra Angels, in a round led by Moneta Ventures.

Whether it’s a mobile app or an loT device, if it communicates over http, the MetaCert Security API can add a thin but very powerful layer of security to help protect consumers from malicious attacks over the Internet.

MetaCert’s patent-pending Security API checks the reputation of http requests in real time, warning consumers of potential threats before allowing known malicious web pages (or other resources) from loading inside the app. MetaCert also offers a content-based filtering service for developers that want to block pornography inside their apps.

Deloitte ranks Portfolio Company WellDog in Technology Fast 500

Posted Leave a commentPosted in Portfolio

WellDog has announced that it ranked as the 4th fastest growing energy tech company on Deloitte’s Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. WellDog ranked 310th across all sectors based on its 239 percent growth over the past three years.

See the full press release here.