The Good Patch, a company that is introducing wearable wellness patches to the mainstream, approached TECHCOAST ANGELS-LOS ANGELES (TCA-LA) for funding in late March, 2021. Less than a week later, after an expedited Due Diligence process, the Los Angeles Chapter of Tech Coast Angels committed to the company’s 2nd round of funding, from the TCA-LA MEMBER FUND and an SPV comprised of individual angels. Altogether TCA committed $250,000, the amount remaining to be filled in the round.
TCA-LA recently revamped their operations to allow, in certain situations, for the rapid and immediate deployment of capital, to start up or growing companies looking for funding.
MAHESH BALAKRISHNAN was deal lead for TCA-LA, and said, “we are excited to be investors in The Good Patch, which has made wellness accessible in an easy-to-use patch form. In a short period of time, Cedar and her team have built impressive awareness and distribution for The Good Patch’s products. We look forward to partnering with them and opening up the entire TCA network during the next stage of their growth journey.” Cedar Carter, CEO of THE GOOD PATCH said “Mahesh and the TCA-LA team were wonderful to work with and had a very efficient process, which allowed us to focus on the important things - growing our business and building a best-in-class consumer brand.”