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First-Quarter Venture Funding Slumps in San Diego, and Top 10 Deals

Xconomy

Thirty-seven venture-backed companies in the San Diego area collected almost $350 million in new funding during the first three months of 2017, according to data released this week as part of the latest Venture Monitor report from the National Venture Capital Association and Seattle-based PitchBook. billion invested.

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Dutch Biotech Raises $19M to Develop Psoriasis Drug Near San Diego

Xconomy

While Escalier Biosciences BV is based in the Netherlands, the company is managed by its subsidiary, Escalier Biosciences, based near San Diego in coastal Encinitas, CA, according to Chris Krueger, Escalier’s chief business officer. The Dutch biotech and its Encinitas subsidiary were both founded in 2016, but the.

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Xconomy Special Report: 12 San Diego Tech Startup to Watch in 2017

Xconomy

View the Slideshow A little more than a year ago, amid a resurgence in San Diego’s software sector, Xconomy identified a baker’s dozen of local tech companies to watch in 2016. The idea was to feature early stage companies in the region that have not attracted much attention or raised a substantial amount of startup capital.

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Autonomous Truck Company TuSimple Adds $95M to Rev Up Commercial Fleet

Xconomy

The new Series D round of financing announced Wednesday boosts the San Diego-based company’s valuation to land it on the growing list of “unicorns”—the tech-world term coined for companies valued at $1 billion or above. TuSimple, founded in 2015 in San Diego and Beijing, raised its Series C round of $55 million in late 2017.

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SD Venture Funding Tops $1.9B in 2017; and Q4 Top 10 Deals

Xconomy

Venture capital activity ended the year with a strong finish in San Diego, as investors poured $498.4 The strength of fourth-quarter deals, lifted by a $125 million financing in November for the molecular diagnostics company Progenity, brought total venture investments in San Diego to nearly $1.92

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Fintech VC Backing Dipped 13 Percent in 2016, Mirroring Rest of Tech

Xconomy

The final numbers on 2016 fintech funding deals are in from New York-based research firm and investment database CB Insights, and venture capitalists seem to be cooling on the industry. billion in venture capital across 836 investments last year. That is down 13 percent from a peak in 2015, when global fintech investment soared to $14.6

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Profitability Helps San Diego Lender Step Out from Industry Cloud

Xconomy

In contrast to some alternative lenders, the San Diego firm said it is growing fast and is consistently profitable. Against that backdrop, National Funding said today that through the first half of 2016, it has provided over $1.5 The lender said it has provided capital to about 25,000 businesses nationwide.