NuFund Venture Group Invests in CorralData to Make AI-Powered Reporting Effortless

San Diego, CA – May 14,  2024 – NuFund Venture Group is thrilled to announce its investment in CorralData, a full-service, AI-powered analytics platform that radically simplifies centralizing and analyzing data across multiple sources.

NuFund’s investment in CorralData is part of the company’s latest funding round aimed at accelerating the development and deployment of its customer-first data platform. CorralData’s platform offers businesses comprehensive tools to easily manage, analyze, and act on disparate data, addressing critical needs in today’s data-driven landscape.

“We are thrilled to partner with CorralData and support their vision of transforming data management,” said Bryan Barnard, who spearheaded the transaction as the Deal Lead. “CorralData’s innovative platform addresses a critical need in the market, and we believe their solutions will set new standards in the industry.”

According to the New Vantage Partners 2023 State of AI in Digital Marketing Report, 90% of marketers plan to increase their investment in AI next year, reflecting the growing importance of AI in driving business growth and efficiency. Additionally, 86% of marketers will have dedicated budgets for AI tools in 2024, showcasing the strategic priority placed on AI integration. Despite concerns about job displacement, a majority of marketers believe AI will have a positive impact on their careers, emphasizing the need for AI literacy to remain competitive in the job market.

As the world continues to embrace AI technology, CorralData ensures its customers stay ahead of the curve. Customers are now leveraging the platform’s Ask Corral functionality to turn data into actionable insights via plain English. This not only democratizes data but also ensures its security by never exposing customer data to commercial LLMs. By pairing out of the box reporting, ease of chatting with your data in plain English with support for over 500 integrations, CorralData empowers entire organizations to harness the power of AI and data analytics regardless of their technical capabilities.

Alex Lirtsman, Founder and CEO of CorralData, commented, “With NuFund’s investment and support, we are poised to further scale our platform, while doubling down on the effortless setup and powerful capabilities that have made us a game changer for organizations looking to easily drive insights from all of their disparate data sources.”

About NuFund Venture Group
NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. NuFund was formerly known as Tech Coast Angels – San Diego (TCA-SD), and the organization is one of the largest, most active, and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding, and fun for all stakeholders. For more information, please visit http://www.nufund.com

About CorralData
CorralData is a leading AI platform that enables organizations to access valuable insights and reporting from all their company data with ease. Designed to democratize data and empower users of all skill levels, CorralData offers a radically simple interface with natural language query functionality, making data analysis accessible to everyone. With more than 500 pre-built integrations and AI-powered support for custom data sources, CorralData is committed to helping businesses make data-driven decisions and stay focused on the metrics that matter. For more information, visit https://corraldata.com/

 

Nufund Hits Investment Milestone with 100th Startup, Eyes Future Growth

May 6th, 2024. San Diego, CA — NuFund Venture Group, a leader among angel investors and the innovative force behind a unique fund model targeting emerging technology leaders, today celebrates the closure of its landmark 100th investment deal. This milestone not only marks a significant achievement in the firm’s history but also underscores its continued commitment to nurturing high-potential startups across various sectors.

Originally known as Tech Coast Angels – San Diego, NuFund has been a prominent force in the venture capital scene for over 20 years, consistently delivering on its mission to drive economic growth and foster innovation. The firm rebranded to NuFund in 2022 to better reflect its national reach and pioneering fund-first approach, emphasizing its role as one of the largest, most active, and successful early-stage investor groups in the United States.

“Hitting our 100th company investment through our Annual Fund model is an exciting milestone,” said Dean Rosenberg, Co-Fund Manager at NuFund. “We started our Annual Funds 6 years ago with the intent of driving a faster process for founders and higher ROI for our investor members. We are making strong progress on all of those metrics.” In fact, NuFund’s first Annual Fund, launched in Q4 2018, has already paid back the original capital in full (1x DPI), making it a top-performing venture fund in its vintage year.

NuFund boasts 350 active accredited investors from diverse backgrounds and regions nationwide. “In addition to the more than $60M that has been invested since our Annual Fund launched in 2018, NuFund’s greatest strength is our vast and deep bench of subject matter expert (SME) members who not only help us identify the best deals but also help the founders we invest in to succeed on the entrepreneurial journey,” added Ashok Kamal, Co-Fund Manager and Executive Director at NuFund. 

“Our 100th deal represents more than just a number; it is a testament to the power of the Annual Fund model, where active involvement from experienced investors meets the agility and speed of venture capital ” stated Serhat Pala,  President of NuFund. “As the early-stage funding world continues to transform with shifting market dynamics, NuFund’s model answers the growing needs of the startup ecosystem.”

As NuFund celebrates this significant achievement, the firm also looks forward to the future. Plans are underway to expand its portfolio with a heightened focus on AI transformation across different industries, sustainability, and technological innovation in lifesciences, aiming to spearhead new investments that tackle pressing global challenges and opportunities to solve them.

About NuFund Venture Group

NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. Formerly known as Tech Coast Angels – San Diego, the organization is one of the largest, most active, and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding, and fun for all stakeholders.

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NuFund Venture Group Invests in Papillon Therapeutics to Advance Multi-Systemic Genetic Medicines

April 15, 2024, San Diego, CA – NuFund Venture Group (‘NuFund’), California-based investment fund, is excited to declare its latest investment in Papillon Therapeutics, Inc., (‘Papillon’). Papillon stands out as a pioneering clinical-stage biotechnology company focused on multi-systemic genetic medicines for diseases characterized by neurologic, cardiac, and other tissue pathologies. This investment by NuFund represents a commitment to fostering innovation and supporting groundbreaking research in the medical field.

A UC San Diego spin-out, Papillon is advancing a pipeline of innovative treatments for life threatening conditions including Friedreich’s ataxia and Alzheimer’s disease. The company’s platform technology builds upon discoveries published by scientific co-founder, Stephanie Cherqui, Ph.D., demonstrating the therapeutic potential of gene modified hematopoietic stem and progenitor cells to durably restore function of diseased tissues throughout the body. This approach has already shown positive results in a completed Phase 1/2 clinical trial led by Dr. Cherqui.

“Our decision to invest in Papillon stems from our belief in their mission and the potential of their technology to make a significant impact on patients’ lives,” said Meredith Fidler, Ph.D., who will join the Board of Directors at Papillon. “We are thrilled to be part of this journey and to contribute to the advancement of genetic medicines.”

“NuFund has established an exciting portfolio of promising and successful biotechnology companies,” said Carter Cliff, Chief Executive Officer at Papillon. “We are grateful that they recognize the potential of our approach to develop powerful new medicines for patients who suffer from devastating diseases.”

Serhat Pala, President at NuFund Venture Group, expressed his enthusiasm for NuFund’s latest investment. “Papillon Therapeutics embodies the type of innovation and drive we look for in our investments. Their work has the potential to change the face of genetic medicines and bring hope to patients around the world,” said Pala.

About NuFund Venture Group

NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. NuFund was formerly known as Tech Coast Angels – San Diego (TCA-SD), and the organization is one of the largest, most active, and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding, and fun for all stakeholders. For more information, please visit http://www.nufund.com

About Papillon Therapeutics

Papillon Therapeutics is a clinical stage biotechnology company focused on advancing multi-systemic genetic medicines. Founded by world-class leaders in cell and gene therapy, Papillon is developing a robust pipeline of potentially curative treatments for diseases with neurologic, cardiac, and other tissue pathologies. Papillon’s unique multi-systemic approach enables therapeutic protein to be delivered throughout the body and utilizes commercially proven approaches for product administration and manufacturing. For more information, please visit: https://www.papillon-tx.com/

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NuFund Partners with TechCon SoCal 2024 to Foster Innovation and Empower Future Entrepreneurs

April 1, 2024 , San Diego, CA  – NuFund proudly announces its participation in TechCon SoCal 2024, the premier technology conference set to redefine the boundaries of innovation, investment, and inspiration. This pivotal event, scheduled for Friday, May 24th, 2024, invites technology enthusiasts, industry leaders, and visionary thinkers to embark on a journey that promises to shape the future of our world.

As we stand on the brink of the next technological revolution, TechCon SoCal 2024 serves as a beacon for those eager to explore the latest advancements and trends that are poised to drive exponential growth over the coming decade.

“We are on the cusp of a technological revolution that will fundamentally alter how we live, work, and communicate. TechCon SoCal 2024 is the perfect platform to explore these future frontiers,” said Serhat Pala], President of NuFund. 

Event Highlights Include:

  • Four Core Themes: Explore the pillars of Innovation, Investments, Inspiration, and Influence, each featuring dedicated tracks that delve into the most groundbreaking technologies of our time, including Artificial Intelligence, Digital Health, Robotics, Consumer Technologies, and more.
  • Keynote Presentations: Be inspired by industry titans as they share insights and visions for the future, spotlighting the trailblazers who are propelling global innovation forward.
  • Panel Discussions: Engage with thought leaders in dynamic conversations about the intersection of technology and investment, offering valuable perspectives on navigating the evolving tech landscape.
  • Networking Opportunities: Connect with a diverse assembly of entrepreneurs, investors, and innovators, fostering collaborations that could shape the future of technology.
  • Exhibits and Showcases: Experience firsthand the cutting-edge advancements in AI, digital health, robotics, and more, through interactive exhibits that offer a glimpse into the future.

“We are absolutely thrilled to partner with NuFund for TechCon SoCal 2024. NuFund members represent a vital and dynamic part of the tech ecosystem, bringing with them innovative ideas, boundless energy, and a spirit of collaboration that is essential for driving forward the advancements we aim to showcase,” said Faisal Mushtaq Founder & President of TechCon Socal

TechCon SoCal 2024 is more than just a conference; it’s a confluence of ideas, creativity, and potential that promises to ignite the next wave of technological evolution. 

About NuFund Venture Group:

NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. NuFund was formerly known as Tech Coast Angels – San Diego (TCA-SD), and the organization is one of the largest, most active, and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding, and fun for all stakeholders. For more information, please visit http://www.nufund.com

About TechCon Socal

TechCon SoCal, set for May 24th, 2024, in San Diego, stands as the premier conference for thought leadership and innovation, attracting top industry executives, innovators, and technologists for a full day of insight and networking. Beyond offering financial support, TechCon SoCal’s mission is to fuel the next wave of entrepreneurs through collaborative efforts to foster a future rich in innovation and opportunity. By providing mentorship, resources, and unparalleled networking opportunities, we support aspiring entrepreneurs in achieving their dreams. Moreover, our commitment to advocacy and collaboration aims to shape policies and build an ecosystem that champions innovation, encourages risk-taking, and ensures inclusive growth, engaging with policymakers and industry leaders to drive positive change across society. https://techconsocal.com/

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NuFund Venture Group Fuels Innovation in Healthcare with Strategic Investment in AI- Driven Drug Discovery Pioneer, Ordaōs

March 5th, 2024 , San Diego, CA – NuFund Venture Group, a trailblazer in the angel investment community, is thrilled to announce its latest strategic investment in Ordaōs, a human-enabled, machine-driven drug design company that creates novel and customized mini-proteins. This investment is part of Ordaōs’ recent completion of a $5M seed financing round, aimed at rapidly designing new drug candidates across therapeutic areas, particularly for difficult-to-treat diseases.

Ordaōs, a New York-based seed stage startup, is transforming the biotechnology industry with its proprietary Design Engine that leverages multitask meta-learning to create novel mini-proteins from scratch. Mini-proteins are a new class of proteins that have the potential to revolutionize biologics in medicine. Mini-proteins have several potential advantages over larger alternatives, including better penetrability, stability, solubility, and lower costs.

With this investment, NuFund Venture Group continues to demonstrate its commitment to a founder-fair, mentorship-driven approach, offering more than just financial support to its portfolio companies.
Lorenzo Berti, Deal Lead at NuFund Venture Group, shared his enthusiasm for the partnership: “The field of AI in drug discovery is ripe for disruption. Ordaōs’ AI engine is a testament to innovation, blending predictive AI with traditional training set mining and a self-learning module to enhance predictive accuracy. Their in vitro success demonstrates a promising future for faster, more effective drug discovery. This investment reflects our confidence in Ordaōs’ potential to redefine the industry.”

Ordaōs CEO, David Longo, expressed optimism about the collaboration: “At Ordaōs, we’re not just discovering drugs; we’re designing them. With discovery, we are limited by what we can see and what already exists. With design, we are limited only by our imagination, opening up a world of unique possibilities. With NuFund Venture Group’s support, we’re poised to lead this transformation, delivering on our mission to design drugs that reduce suffering and save lives.”

“Since the launch of OpenAI’s ChatGPT in November 2022, AI—and particularly Generative AI—has revolutionized the landscape, heralding a new era of innovation across all sectors worldwide. Among these, healthcare stands out as the most transformative, with its vast potential for impact,” remarked Pankaj Kedia, a distinguished figure in the AI community, serving as NuFund AI Chair & Board Member and 2468 Ventures Founding Managing Partner.

“At NuFund Venture Group, we’re leading the charge in nurturing next-gen technologies and startups poised to revolutionize the healthcare industry. Through our NuFund AI Demo Days, we’ve scouted for trailblazing startups and founders, identifying Oradaos as a particularly promising enterprise among the multitude of participants. We’re truly impressed with Oradaos’ commitment to utilizing AI for enhancing drug discovery processes and are thrilled to support their endeavors. Congratulations to Ordaōs on their achievements thus far; we eagerly anticipate their future successes as they expand in this era of AI.” he continued.

NuFund Venture Group’s investment in Ordaōs underscores a shared commitment to leveraging AI for meaningful advancements in healthcare. As Ordaōs continues to develop its AI platform and expand its partnerships, this collaboration marks a significant step forward in the journey towards more efficient, effective, and personalized drug discovery.

About NuFund Venture Group:
NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. NuFund was formerly known as Tech Coast Angels – San Diego (TCA-SD), and the organization is one of the largest, most active, and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding, and fun for all stakeholders. For more information, please visit www.nufund.com.

About Ordaōs:
Ordaōs is a human-enabled, machine-driven drug design company with the sole mission of leveraging advanced technologies to efficiently and effectively design novel life-changing therapies for patients in need. Our flagship solution, miniPRO™ mini-proteins, enable drug hunters to deliver safer and more effective treatments in a fraction of the time of traditional discovery methods. For additional information, please visit www.ordaos.bio.

NuFund Venture Group Fuels Innovation in Sports Analytics with Strategic Investment in ALT Sports Data

NuFund Venture Group Celebrates Over 20 Years of Success and Welcomes New President

FOR IMMEDIATE RELEASE

Contact info:

Zeynep Ilgaz
Zilgaz@brekaway.partners
619 867 5576

 

NuFund Venture Group (Formerly Tech Coast Angels – San Diego) Celebrates Over 20 Years of Success and Welcomes New President

 

San Diego, CA – January 31, 2023 – NuFund Venture Group, a leading angel investing group in the United States, is celebrating its 20+ anniversary. NuFund was formerly known as Tech Coast Angels – San Diego, but rebranded in 2022 to better reflect its national reach and fund-first model.

 

Over the past five years, NuFund has invested in more than 90 companies, typically allocating about $10M annually through its innovative Annual Fund.  This impressive portfolio and investment strategy have not only catalyzed significant economic growth but also positioned NuFund as a leader in the angel investing community. It is in this dynamic and influential environment that NuFund is excited to welcome its new president, Serhat Pala. Bringing over two and a half decades of experience as a seasoned entrepreneur, Pala has successfully built, grown, and strategically exited companies in the health and technology sector. His experience includes navigating both self-funded ventures and those backed by institutional investors.

 

“Celebrating our 20-year journey, we have achieved incredible milestones,” said Caitlin Wege, the former President of NuFund Venture Group. “Our contributions have not only shaped some of the most successful global companies, but also made a substantial impact on the San Diego community and beyond. I am particularly thrilled about Serhat Pala stepping into the role of President, confident that his leadership and vision will steer us towards even greater accomplishments in the future.” she continued.

 

“Serhat is a visionary leader who exemplifies the entrepreneurial spirit at NuFund, having founded multiple successful startups before making the leap to full-time investor where he has developed a strong track record of supporting the best founders and teams,” added NuFund’s Executive Director, Ashok Kamal. 

 

NuFund focuses on investing in technology and life science startups, with notable recent exits including DTx Pharma, Doctible, Discover Echo, and others. In line with this strategic vision, Serhat Pala comments, “I am incredibly excited and honored to assume the role of President. Our dedication to investing in technology companies that can positively influence the world remains steadfast. We firmly believe that through our investments, we can significantly support groundbreaking innovation and drive economic development, and I look forward to spearheading these efforts. 

 

About NuFund Venture Group

NuFund Venture Group represents a new wave of angel investors, pioneering a novel fund model focused on emerging technology leaders. NuFund was formerly known as Tech Coast Angels – San Diego (TCA-SD), and the organization is one of the largest, most active and most successful early-stage investor groups over the past 20+ years. We continually strive to foster a culture that is friendly, innovative, engaging, rewarding and fun for all stakeholders. For more information, please visit www.nufund.com.

NuFund and Moss Adams Present: What to Know About Employee Retention Credits [Video Replay]

Webcast replay available – click here!

 

With numerous amendments to the Employee Retention Tax Credit (ERTC), it can be difficult to determine your eligibility status. Learn how your start-up life science or technology company may qualify for the ERTC, as well as other potential R&D tax savings strategies that can increase your cash flow.

Presented by Adam Fleck and Gabriel Sermeno of Moss Adams, this webcast will help clarify what it means to apply for the credit and how you can use it to retain employees and keep your business moving forward!

Join us on June 6th at 5 pm at https://www.nufund.com/ertc

 

Tech Coast Angels – San Diego is now NuFund Venture Group

Tech Coast Angels – San Diego is now NuFund Venture Group
 

Industry leading angel investor organization coming off record-high performance in 2021

SAN DIEGO, CA – March 23, 2022 Catalyzed by changes during the COVID pandemic, the venture group formerly known as Tech Coast Angels – San Diego (TCA-SD) has rebranded as NuFund Venture Group. Based in San Diego, CA, the group has been actively funding innovative companies for over 20 years as a licensee of the Tech Coast Angels brand. During that time the organization has been one of the largest and most active early-stage investor groups in the country.

With more than 350 members, over $13M invested in 2021 and 4 Annual Funds with $17M AUM, NuFund Venture Group has been strengthened by record-high membership, investing activity and performance including nearly tripling in member size over the past three years. Some of its recent exits include Doctible (8x), Discover Echo (5x), Companion Medical (58x), Zentalis Pharmaceuticals (6x), Insight Medical Systems (4x) and Portfolium (6x). Much of the group’s recent growth and success can be attributed to its hybrid virtual operations and launch of a proprietary Annual Fund model, now in its 4th vintage, that pools member investments into a transparent and efficient process that allows rapid investments into early stage startups.  

“The pandemic forced us to re-examine and adjust our culture and operations in a way that reached a larger scope of investors and founders in order to not only continue our business but also thrive by investing in the best startups around the country,” said Ashok Kamal, the group’s Executive Director and Co-Fund Manager.  NuFund has invested in not only San Diego-based companies, but also other high-performing portfolio companies including Casana, a New York-based connected device for measuring heart health that just closed a $30M Series B round after NuFund’s investment in the seed round. In fact, NuFund had already started to shift to a more virtual, expansive model before the pandemic, which only accelerated its strategy and implementation.

“Our roots are firmly in San Diego, but we have expanded into a national group that can rapidly fund a startup company with up to $500,000 of capital.  This has helped us access some of the best people and investments everywhere,” said Caitlin Wege, NuFund’s Board Chair, President  and also a Partner at the investment company MooDoos. “We have a unique position in the early-stage investor market with a leading fund and member-managed culture that is diverse, inclusive, engaging, rewarding and fun all at the same time.”

NuFund Venture Group and the Tech Coast Angels network have a long history of working together and plan to continue to closely share deals, community and best practices as pioneers in the exploding SoCal startup ecosystem.

For more information, please contact Ashok Kamal (ashok@nufund.com). 

About NuFund Venture Group:

NuFund Venture Group is a new wave of angel and venture investors with a new fund model for investing in new technology leaders. NuFund was formerly known as Tech Coast Angels – San Diego (TCA – SD), and the organization is one of the largest, most active and most successful early-stage investor groups over the past 20+ years. The group continually strives to foster a culture that is inclusive, friendly, innovative, engaging, rewarding and fun for all stakeholders. 

For more information, please visit www.nufund.com / @nufundventures

TCA-SD Winter 2022 Community Newsletter

Our Winter 2022 Community Newsletter has been published! Check out what TCA members have been up to, updates on portfolio milestones, and upcoming community events!