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 95 members, who invest individually from their personal funds. Since 2000, Desert Angel members have invested over $26 million in more than 65 presenting companies.

Tucson rewards app for smartphone rolls out this summer

by chrismarin on April 22nd, 2014 at 10:43pm

Veebo, originally called Veebow, has been in the making for three years, and the newest version is ready to launch this summer on all smartphone platforms for free in Tucson, Phoenix and Chicago. The updated Veebo application allows merchants to directly reward loyal customers while also attracting new customers through various interactive features.

Veebo recently named Tucson businesswoman and Desert Angel Raena Janes as the company’s new CEO.

For more: Tucson rewards app for smartphone rolls out this summer

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Filed under: Funded Companies, Press

Post.Bid.Ship: a spot market on steroids

by chrismarin on April 22nd, 2014 at 2:29am

Press Coverage of Desert Angels portfolio company Post.Bid.Ship, which supports about 500 shippers, 1,500 brokers and 2,100 trucking companies. The company has raised $2.5M to date, with funds coming from the AIC, the Arizona Technology Investor Forum (ATIF), Desert Angels and Point B Capital. The state of Arizona also added $400,000 in economic development grants to the company for hiring state residents.

For more: Post.Bid.Ship: a spot market on steroids

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Tucson’s Desert Angels in top 10 for investments

by chrismarin on March 27th, 2014 at 9:42pm

Tucson’s Desert Angels have been ranked among the top 10 “angel” investor groups nationwide for 2013. The Halo Report, a yearly update of early-stage investment activity of private-equity angel groups around the country, ranked the Desert Angels the eighth most active angel group in the nation based on the total number of deals last year.

The Desert Angels, which has more than 95 members, invested more than $5.5 million into 23 different companies in 2013, their largest investment year to date since the group’s inception in 2000, the group said in a news release.

Read more: Tucson’s Desert Angels in top 10 for investments

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Desert Angels invested over $5.5M and majority in AZ cos.

by chrismarin on March 21st, 2014 at 12:42am

Desert Angels (DA) announced their final investment numbers for 2013 equaling over $5.5 million placed into 23 different companies-the majority of them in Arizona.

Chairman of Desert Angels and board member on the Angel Capital Association Curtis Gunn said this milestone “…is a record for us, both record of number of companies and dollars invested.” In the 2013 Q2 HALO report, a national survey of angel group investment activity, Desert Angels was ranked in the top five for most active angel groups in the United States. DA is looking to stay at the top of the list for the year-end report.

Read more: Desert Angels invested over $5.5M and majority in AZ cos.

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Edison Awards Selects SynCardia’s Freedom Portable Driver As a 2014 Innovation Finalist

by chrismarin on February 26th, 2014 at 12:27am

The Freedom® portable driver that powers the SynCardia temporary Total Artificial Heart, the world’s first and only FDA, Health Canada and CE (Europe) approved Total Artificial Heart, has been named one of four finalists for the 2014 Edison Awards’ devices section in the science/medical category.

For more: Edison Awards Selects SynCardia’s Freedom Portable Driver As a 2014 Innovation Finalist

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In search of a cure, scientists look for where HIV hides

by chrismarin on February 16th, 2014 at 9:16pm

Desert Angels portfolio company Calimmune is mentioned is highlighted in a PBS NewsHour Health broadcast as a company at the forefront of gene therapy treatment for HIV patients.
For video and more: In search of a cure, scientists look for where HIV hides

Desert Angels portfolio company Calimmune is mentioned is highlighted in a PBS NewsHour Health broadcast as a company at the forefront of gene therapy treatment for HIV patients.

For video and more: In search of a cure, scientists look for where HIV hides

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Filed under: Funded Companies

NuvOx Makes the Transition from the Laboratory to the Clinic and is Pounding the Pavement to Raise $15MM

by chrismarin on February 10th, 2014 at 8:50pm

NuvOx Pharma, a Tucson-based biotech startup, founded in 2008 is metamorphosing from an R&D startup to one that is testing the Company’s nanotechnology therapeutic platform in the clinic.
According to Chief Business Officer, David Wilson, this transition ratchets up the expenses, but clinical trials are the only way to determine the therapeutic potential of the NuvOx platform and to garner the interest of potential collaborators and investors. “With demonstrated proof-of-concept in humans, we are now ready to start discussions with potential corporate partners and institutional investors”, according to Dr. Wilson.
Read more: NuvOx Makes the Transition from the Laboratory to the Clinic and is Pounding the Pavement to Raise $15MM

NuvOx Pharma, a Tucson-based biotech startup, founded in 2008 is metamorphosing from an R&D startup to one that is testing the Company’s nanotechnology therapeutic platform in the clinic.

According to Chief Business Officer, David Wilson, this transition ratchets up the expenses, but clinical trials are the only way to determine the therapeutic potential of the NuvOx platform and to garner the interest of potential collaborators and investors. “With demonstrated proof-of-concept in humans, we are now ready to start discussions with potential corporate partners and institutional investors”, according to Dr. Wilson.

Read more: NuvOx Makes the Transition from the Laboratory to the Clinic and is Pounding the Pavement to Raise $15MM

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Sialix Closes Oversubscribed Second Tranche of Series B Financing

by chrismarin on February 7th, 2014 at 8:33pm

Sialix, Inc., a biotechnology company developing products for the treatment and prevention of cancer, today announced the closing of an oversubscribed $1.2 million tranche of an angel-led financing. Among the investors were several angel investment groups including the Desert Angels.
“Building a biotech company today is challenging, and at this stage we have chosen to maintain a lean structure that can be supported with angel funding. It is terrific and validating to get such strong support from a wide variety of angel groups,” said Jeff Behrens, Sialix’s CEO.
Read more: Sialix Closes Oversubscribed Second Tranche of Series B Financing

Sialix, Inc., a biotechnology company developing products for the treatment and prevention of cancer, today announced the closing of an oversubscribed $1.2 million tranche of an angel-led financing. Among the investors were several angel investment groups including the Desert Angels.

“Building a biotech company today is challenging, and at this stage we have chosen to maintain a lean structure that can be supported with angel funding. It is terrific and validating to get such strong support from a wide variety of angel groups,” said Jeff Behrens, Sialix’s CEO.

Read more: Sialix Closes Oversubscribed Second Tranche of Series B Financing

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New Record of 161 SynCardia Total Artificial Heart Implants Set in 2013

by chrismarin on January 16th, 2014 at 10:58pm

With 161 SynCardia temporary Total Artificial Heartsimplanted in 2013, nearly double the 81 implants performed in 2011, SynCardia Systems, Inc. is on track to exceed 200 implants of the Total Artificial Heart in 2014, the company announced today. “We expect demand to continue to accelerate this year,” says Michael P. Garippa, SynCardia CEO and President.

“The SynCardia Heart saves patients dying of heart failure and the Freedom® portable driver provides patients without hu man hearts a life worth living outside the hospital.” The driver significantly improves the patient’s quality of life and eliminates most in-hospital cost for this portion of the patient’s care, Garippa added.

For more: New Record of 161 SynCardia Total Artificial Heart Implants Set in 2013

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Tech startup looks to create custom weekly grocery ads

by chrismarin on January 16th, 2014 at 10:55pm

Despite a significant move to online ads, printed weekly grocery circulars have remained a mainstay of supermarkets, which spent more than $11 billion on newspaper circulars alone last year. A Tucson-based tech startup wants to replace those weekly ads with personalized, digital grocery circulars shoppers can use to get deals on what they buy most via the Web.

Desert Angels portfolio company Recoleta Digital Media got a key boost recently when it was awarded a $250,000 grant as a winner of the Arizona Commerce Authority’s annual Innovation Challenge.

For more: Tech startup looks to create custom weekly grocery ads

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Filed under: News Releases, Press