Venture Capital

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NuFund Venture Group

NuFund Venture Group, formerly Tech Coast Angels - San Diego, is an early-stage investor based in Los Angeles, California. It operates as a group of angel...

NuFund Venture Group logo

NuFund Venture Group

NuFund Venture Group, formerly Tech Coast Angels - San Diego, is an early-stage investor based in Los Angeles, California. It operates as a group of angel investors in the San Diego and Southern California startup community. The group has made 491 investments and 60 portfolio exits.

General information

Firm type

Venture Capital

Year founded

1997

AUM

Undisclosed

Location

Region

North America

Country

United States

City

San Diego

Corporate office

San Diego, CA, United States

Sector focus

Digital HealthEnterprise SoftwareCybersecurityAI/MLBiotechnology

Frequently asked questions

Who runs investment decisions at NuFund Venture Group?

NuFund does not publicly name a managing partner, CIO, or investment committee. Its website presents the entity as a collective of over 300 accredited investors without identifying any individual responsible for deal approval or portfolio construction. This leadership vacuum is unusual among venture managers and means an incoming allocator cannot immediately assess who controls the investment process.

How does NuFund Venture Group source proprietary deal flow?

NuFund does not disclose its sourcing channels. Given the distributed membership structure, deal flow likely originates through individual angel networks, inbound founder applications on its website, and referrals across the 300-plus members. Without a centralized investment team, sourcing quality hinges on the breadth and access of its member base, which is geographically dispersed across the United States.

Is NuFund structured as a single family office or does it operate more like a venture firm?

NuFund operates as an asset manager rather than a family office, pooling capital from a large network of accredited investors for venture investments. The structure resembles an angel syndicate or decentralized venture group rather than a traditional GP/LP fund, though the exact legal and fee arrangements are not publicly detailed.

Does NuFund participate in fund commitments or only direct deals?

NuFund’s public portfolio only lists direct equity investments in operating companies, with no disclosed fund-of-funds commitments. The group appears focused on direct deal participation through its membership network, placing its own capital into early-stage and growth-stage companies rather than acting as an LP in outside funds.

What investment stages does NuFund Venture Group typically target?

NuFund targets early-stage venture rounds, including seed and start-up stages, and also pursues growth-stage opportunities. Its portfolio includes companies like LynxBio and DTx Pharma, which span from clinical-stage biotechs to later-stage commercial platforms, indicating a willingness to follow positions beyond the first institutional round.

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