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