FOR IMMEDIATE RELEASE | SAN FRANCISCO, CA | June 4, 2013
Astia Angel Closes its First Two Investments in Women-Led Businesses
Astia Angel invests over $1 million in nVision Medical and EcoTensil
Astia Angel has made its first two investments in nVision Medical and EcoTensil. Astia Angel’s investments in the two companies totaled over $1 million.
nVision Medical, led by CEO, Surbhi Sarna, is a medical device company that is developing a portfolio of products in the female health market. The company raised a Series A round from Catalyst Health Ventures, Draper Associates, Seraph Group, and others. According to CEO, Surbhi Sarna, “the Astia investment process is what every aspiring entrepreneur hopes for. All in all, a very entrepreneur friendly process with the end result of having not only funding, but a vast network of advisors to choose from.”
EcoTensil, led by CEO, Peggy Cross, creates the most eco-friendly and ultra compact single-use utensils available in the market. The Company raised a Series A round from multiple angel groups, including Keiretsu Forum, Harvard Angels, the Berkeley Angel Network and others. According to CEO, Peggy Cross, “Astia Angel was wonderful to work with and very organized. We plan to tap into the vast network of Astia members, to which the Astia team has graciously offered to make appropriate introductions. We look forward to ongoing relations with this inspiring group."
Over 10 members of Astia Angel participated in the investments, including Founding Astia Angel, Roger Bamford, senior architect at Oracle and an active angel investor in numerous technology start-ups since the early 1990’s. According to Bamford, “nVision and EcoTensil are both attractive investments with impressive CEOs, significant market opportunities and clear paths to exit. I look forward to participating in future Astia Angel deals.”
Astia Angel holds meetings every other month in the Bay Area. Its next member meeting is on July 18th and is hosted by DLA Piper. Individuals interested in learning more about Astia Angel should contact Amy Gips, Founding Managing Partner, at firstname.lastname@example.org.
About Astia Angel
Astia Angel is a global network of female and male angel investors that invests in women-led, high-growth ventures. The angel investor network is led by an active manager and experienced Founding Astia Angels. All members are highly involved throughout the investment process and make independent investment decisions.
Astia is a unique not-for-profit built on a community of experts with a distinct focus and mission: to propel women’s full participation as entrepreneurs and leaders in high-growth businesses, fueling innovation and driving economic growth. Astia works with women-led start-ups around the world (emphasizing companies in high-tech, clean-tech and life-sciences) to help them acquire essential business skills, access capital, dramatically grow their businesses, create networks and develop the executive leadership of the women on the founding teams.
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Amy Gips, Astia Angel, 415-531-8530, email@example.com
Sharon Vosmek, Astia, 415-806-8252, firstname.lastname@example.org