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Transcepta Press Release
TRANSCEPTA SECURES FUNDING LED BY TECH COAST ANGELS
January 1, 2006 – Aliso Viejo, California – Transcepta LLC., the leader in on-demand, Electronic Invoice Presentment and Payment (EIPP) announced the successful closing of equity financing. The leading institutional investor was Tech Coast Angels (TCA), the top angel investing group in Southern California. Dave Berkus led the deal for TCA and has been elected Chairman by Transcepta’s Board of Directors. Dave Berkus has been recognized as "2000 Director of the Year - Early Stage Businesses" by the Forum for Corporate Directors of Orange County, California and as "Businessperson of the Year - 2001" by his alma mater, Occidental College.
Transcepta’s mission is simple. Provide customers with an EIPP solution that is easy to implement, on-demand, inexpensive, and accessible to all businesses.
“We are excited about our partnerships with Tech Coast Angels and all of our individual investors. This funding enables Transcepta to develop and launch a product that will revolutionize the way companies invoice and pay each other worldwide.” said Ray Parsons, CEO of Transcepta.
Tech Coast Angels (TCA) is helping fuel the growth of the most innovative companies and entrepreneurs in Southern California. TCA’s 270 members devote time, expertise and capital to help companies grow and succeed. Companies benefit from working with a group of seasoned, well-connected advisors.
That’s why TCA is the largest angel network in the U.S. and the number one source of startup funding in Southern California. TCA members have invested more than $65 million in more than 100 companies and have helped attract more than $650 million of additional capital, mostly from venture capital firms. TCA operates four networks in Los Angeles, Orange County, San Diego and Westlake/Santa Barbara.
About Transcepta
Transcepta was formed in June 2005 with the mission of creating an easy-to-implement, on-demand, Electronic Invoice Presentment and Payment (EIPP) solution accessible to businesses of all sizes. While most consumers take advantage of convenient electronic billing and payments, businesses have been slow to adopt EIPP and are still mailing paper invoices and paying by paper check. With Transcepta, businesses can now implement EIPP at a low cost while realizing a remarkable ROI.
Transcepta is located in Aliso Viejo, CA and is financially backed by strategic investors including the premier Southern California angel investing group, Tech Coast Angels.
For more information:
info@transcepta.com
www.transcepta.com
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