Thursday, January 20, 2011
TCA Funds Cognition Therapeutics
The Tech Coast Angels, the largest angel investment group in Southern California, is part of a syndicate funding Pittsburgh-based Cognition Therapeutics, a drug discovery firm focused on Alzheimer's. According to Cognition, it raised $2.5M in a Series A funding, led by Golden Seeds and including the Tech Coast Angels. Other investors in the round included The Breedlove Limited Family Partnership and TMC Investment Company, Ogden CAP Associates, M5Invest, the Pittsburgh Life Sciences Greenhouse and Innovation Works. Cognition Therapeutics is developing novel, small molecule disease-modifying treatments for Alzheimer's. In an interesting note of trivia, the new funding marks the second firm named "Cognition" funded by the Tech Coast Angels; the TCA also is the backer of Culver City-based semantic search technology firm Cognition Technologies, which is currently headed by Bill Collins, a past president of the TCA. More information »