Welcome to the Desert Angels™. We are a Tucson, Arizona based non-profit organization of accredited investors who seek opportunities to invest in Southwest regional startup or early stage companies. The organization serves as a forum for its over 90 members, who invest individually from their personal funds. Since 2000, Desert Angel members have invested over $37 million in more than 85 presenting companies.

No funding? Brain drain? These experts debunk myths about the Arizona tech scene

by Curtis Gunn on February 7th, 2016 at 5:14pm

We’ve all heard the myths about the Arizona technology and startup scene.

Arizona has no available capital. Startups and college graduates want to immediately move to Silicon Valley, New York City or Austin as soon as they can.

Jim Goulka, managing director of Arizona Tech Investors, has heard them all.
“This is mythology that’s built up in our community over time that we hear over and over and over again,” Goulka said.

Click here for full article

Comment

Filed under: Uncategorized

ReplyBuy is Finalist at NFL’s 1st & Future Pitch Event

by Curtis Gunn on February 6th, 2016 at 5:18pm

It’s here! 1st and Future, the startup pitch hosted jointly by the NFL, Stanford and your favorite tech blog, TechCrunch!

Each team has just 5 minutes to convince our expert panels of judges that they are the most likely to succeed in their category. One winner from each category will receive $50,000, a meeting with NFL executives and two tickets to Sunday’s Super Bowl.

Click here for full article

Comment

Filed under: Uncategorized

Tucson cancer-drug firm eyes IPO to raise $29 million

by Curtis Gunn on January 25th, 2016 at 5:22pm

A Tucson-based cancer drug company is looking to raise $29 million in an initial public offering of stock, and continues to raise private funding and form key partnerships.

Cancer Prevention Pharmaceuticals Inc. — whose leading drug candidate is based on technology developed partly at the University of Arizona — is waiting for the U.S. Securities and Exchange Commission to declare its stock registration statement effective, after which it will be priced and issued.

Click here for full article

Comment

Filed under: Uncategorized

Buyout of Tucson tech startup brings big hitter to town

by Curtis Gunn on January 25th, 2016 at 5:21pm

The multimillion-dollar sale of a Tucson-based tech startup that makes microbial detection systems for water has brought a major multinational tech company to the Old Pueblo.

Mettler-Toledo International, a Swiss-based maker of scales and analytical equipment with more than $2 billion in annual revenues, recently acquired Instant BioScan in a deal worth up to $30 million, depending on future development and sales, the company said.

Click here for full article

Comment

Filed under: Uncategorized

Tucson pharmaceutical company sells exclusive option for cancer drug in deal worth up to $190 million

by Curtis Gunn on January 21st, 2016 at 6:57pm

Sucampo unveiled Monday its agreement with Tucson, Arizona-based Cancer Prevention Pharmaceuticals Inc. for the option to acquire an exclusive license to commercialize for a drug candidate in Phase III clinical trials. The therapy is aimed at treating a genetic condition called Familial Adenomatous Polyposis, or FAP, which can develop into colon cancer if it’s left untreated.

Click here for full article

Comment

Filed under: Uncategorized

Over 70 Teams Now Use ReplyBuy To Let Fans Buy Tickets With Just A Text

by Curtis Gunn on January 16th, 2016 at 6:11pm

ReplyBuy is changing the way fans can buy tickets, and it’s a win for both the teams and the fans.

Click here for full article

Comment

Filed under: Uncategorized

HIV biotech Calimmune bags $15M to move one-time gene therapy into new trials

by gabrielsayegh on June 8th, 2015 at 7:50pm

Desert Angels portfolio company, Calimmune, just landed a $15 million B round, positioning the biotech to launch new trials with a gene therapy designed to durably stymie the lethal HIV with one treatment.

Click here for full article

Comment

Filed under: Uncategorized

Recoleta Digital Media raises Series A-2 funding led by ATI and Desert Angels – updated

by gabrielsayegh on May 18th, 2015 at 6:53pm

Desert Angels portfolio company, Recoleta Digital Media; a personalized grocery circular system, has raised an undisclosed sum of Series A-2 funding. Their platform creates digitally driven personalized circulars with offers, coupons, and more, based on a shopper’s purchasing history. The fund was led by angel groups Desert Angels of Tucson and Arizona Tech Investors of Phoenix.

Click here for full article

Comment

Filed under: Funded Companies

Tucson biotech firm HTG about to go public

by gabrielsayegh on May 3rd, 2015 at 9:00pm

Homegrown Tucson biotech company HTG Molecular Diagnostics Inc. plans to go public as soon as next week with an initial public stock offering expected to raise up to $60 million. The company has had longstanding support from local investors including the Desert Angels.

Click here for full article

Comment

Filed under: Uncategorized

Group Teaches Entrepreneurs to Think Like Investors

by gabrielsayegh on May 3rd, 2015 at 8:57pm

Bill Payne has played a role in more than 50 companies since 1971. Tucson’s Desert Angels brought in Bill Payne to Tucson to help educate local investors & entrepreneurs. Desert Angels hope the classes are a means for all who are involved in launching start ups to understand the process from start to finish, not just the part they’re involved in.

Click here for full article

Comment

Filed under: Uncategorized