Infobionics, a Data-mining software company, revealed that it had raised around US$2.5 million in capital from an undisclosed investor and from Tech Coast Angels. The deal was recently disclosed in an up-to-date edition of the MoneyTree Report.

Tech Coast Angels is a sizeable angel-investor network based in California. The firm is considered to be one of the primary sources of funding for early-stage organisations in Southern California. The angel-investor company was formed in 1997 and since then Tech Coast Angels members have concentrated on building valuable firms.

Tech Coast Angels has invested nearly US$119 million from its own funds. The company has also served to help portfolio companies bring in more than US$1.4 billion in supplemental capital, primarily from venture capital companies.

Infobionics previous round of financing was in 2006. The company did not reveal the financial details of that investment.  In-Q-Tel led the 2006 financing round in 2006. In-Q-Tel is famously known as the venture capital unit of the Central Intelligence Agency.

The MoneyTree report is compiled by PricewaterhouseCoopers and the National Venture Capital Association using data from Thomson Reuters.