NEWS RELEASE Press Release
For immediate release
Contact: John J. Alexander, Founder & Chairman                                                                                              


Twin Cities Angels Funds

Twin Cities Angels II, LLC Makes its first Investment in Minnesota Start-up Company
Minnesota-Based Angel Group Closes Membership on it’s Second Fund

MINNEAPOLIS, (February 16, 2010) – Twin Cities Angels II, LLC (“TCA-II”) today announced the closing of its first investment in, Ativa, an early-stage Minnesota-based companies.  With the closing of TCA-II’s first investment, the Fund is now closed to new members.

Twin Cities Angels II’s first investment is in Ativa Medical Corporation, an early stage company developing a novel medical diagnostic system based in St. Paul, MN.  (  David Deetz, CEO of Ativa stated, “We are very pleased to have TCA as an investor in our company.  Angel investors such as TCA are critical to the success of early stage companies like Ativa Medical and to maintaining Minnesota’s leadership in medical technology innovation.”  

John Alexander, Founder and Chairman of Twin Cities Angels II, LLC said, “Our members have been pleased with the quality of companies we have been reviewing since we launched Twin Cities Angels in 2006 and especially those we have seen since May 2009 and reviewed by our current Fund…..  With the closing of our first investments, we close our organization to new members through the life of this fund.  It is a sign of success of our business model that angel investors have made TCA-II almost 25% larger in membership than our first fund.  We open again to new members once we create our next fund.”  TCA-II anticipates investing in 15 companies over the next 2 plus years. 

About Ativa Medical Corporation
Ativa Medical Corporation, ( based in St. Paul, Minnesota is developing and bringing to market an advanced point-of-care medical diagnostic system. 

About Twin Cities Angels™ Investors:
Twin Cities Angels II, LLC (TCA-II) is a formal organization for entrepreneurially-minded member angel-investors.  TCA members have a mutual interest in having a high degree of personal involvement and interaction in angel investing.  All members are accredited investors with significant industry or functional expertise to contribute to the group.  TCA-II is principally but not exclusively interested in relatively early stage companies where the organization’s members can participate and support the formative stages of a successful business.  Based on their individual and collective expertise, TCA-II members are also committed to the organization’s mission of mentoring new companies by sharing their successful work experience and proven business judgment.  TCA-II’s investment and market focus is based on the members’ professional expertise, including but not limited to medical technology, information technology, retail, energy, services.

TCA seeks deal flow in the greater Twin Cities Area of Minneapolis/St. Paul, throughout the state of Minnesota and within a reasonable distance of the Twin Cities in Wisconsin, Iowa, and the Dakotas.  Members are educated in desirable investment skills: how to perform due diligence, deal flow creation, legal aspects of investing, term sheet key terms, the venture industry, technologies and other areas of specific interest to angel investors.  The membership-lead organization convenes regularly to meet with pre-screened companies regarding potential investments. 

More information about the Twin Cities AngelsTM Investors is available at