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San Diego Tech Roundup: Ezoic, Trust & Will, Oska Wellness & More

Xconomy

Summer can be a slow time in San Diego, but its startups have stayed busy. Sageview Capital, an investment firm with offices in Palo Alto, CA, and in Greenwich, CT, was the lone investor that participated in the deal. Based in Carlsbad, in northern San Diego County, Ezoic launched its platform in 2011. Denny Sanford Tech Tech Coast Angels Trust & Will UC San Diego University of San Diego

33 Tech Startups Make San Diego Venture Group “Cool Companies” List

Xconomy

In the eyes of the San Diego Venture Group, the key element is readiness for venture capital backing. What does it take for a tech startup to be considered “cool?”

San Diego Startup Raises $2.3M to Advance Enzymatic DNA Synthesis

Xconomy

Molecular Assemblies , a San Diego startup developing a new enzymatic method for synthesizing DNA, said today it has raised $2.3 million in a seed financing round.

$100M Round Turns San Diego’s Seismic into Region’s Newest Unicorn

Xconomy

The venture investment, which the San Diego startup announced Tuesday, is one of only a few so-called mega-rounds—$100 million or more—recorded this year in the region. (In Rowe Price Tech Uber unicorn VC Venture Capital Virtual InstrumentsSeismic, an enterprise software company with ambitious growth plans, has raised $100 million in a Series E financing and added Microsoft chairman John W. Thompson to its board of directors.

San Diego Life Sciences Roundup: Evofem, Cullgen, BrainLeap & More

Xconomy

Get the details on these developments and more in San Diego life sciences news: —Evofem Biosciences (NASDAQ: EVFM ) struck a deal to raise up to $80 million in a private placement. The company closed the first $30 million, from Nevada-based investment firm PDL BioPharma (NASDAQ: PDLI ), on Wednesday, with the firm paying a 26.4 Locally based biotech companies receive fresh funding from investors.

Plug and Play San Diego Finds Home in New Downtown Works Space

Xconomy

Plug and Play San Diego has formed a partnership with Downtown Works, a new co-working space in downtown San Diego, which will give the local Plug and Play program a place to call home.

Big VCs Join Xconomy in San Diego to Discuss Big Data, Big Biology

Xconomy

In the Boston office of GE Ventures, managing director Alex de Winter is overseeing investments in companies like Veracyte, which is applying machine learning to genomic sequencing technology to help doctors distinguish benign growths from cancer.

San Diego Startups Raise $287M in Third Quarter, and Top 10 Deals

Xconomy

Venture Capital investments in San Diego startups fell by roughly a third during the three months that ended September 30, according to data released recently by Seattle-based PitchBook and the National Venture Capital Association. VC firms invested $280.6 million in 49 startups in San Diego County during the third quarter, according to a breakout of data provided by PitchBook as part of the inaugural “Venture Monitor” report. San Diego. $35

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. million in a Series D round of investment capital, according to founder and chairman Tony Farwell.

San Diego VC Funding Hits $547.2M in Q1; Ideaya Leads Top 10 Deals

Xconomy

Venture capital investors sank $547.2 million into 37 startup companies throughout San Diego County during the first three months of 2018, maintaining roughly the same level of venture funding seen in recent quarters, according to the Venture Monitor Report. The amount of capital invested in the San Diego area was up slightly from the $541.2 million invested during the final three months of 2017, according to Venture Monitor data.

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. million that VCs invested in San Diego startups in the same quarter in 2016, and off nearly 17 percent from the $420.3 billion invested.

Q2 VC Funding Soars in San Diego (After Revisions), and Top 10 Deals

Xconomy

After the national MoneyTree Report was released last week, PricewaterhouseCoopers partner Ryan Spencer said he spent time on a call with Thomson Reuters, which provides the raw data, trying to figure out a change in the numbers for venture capital activity in San Diego.

Under New Ownership, San Diego’s Ad-Juster Names Dennis Clerke CEO

Xconomy

Ad-Juster, a San Diego adtech startup acquired earlier this year by the investment arm of China’s Innotech International Group, Wednesday named local software entrepreneur Dennis Clerke as CEO. Clerke (a San Diego Xconomist) was previously the CEO of Sunnyvale, CA-based NetSeer, an adtech acquired in February by Inuvo (NYSE: INUV , an advertising technology and digital publishing company based in Little Rock, AR.

Record Exit Value for VC-Backed Startups Could Fuel Investment

Xconomy

More than a third of the companies that went public in the first half of this year were backed by venture capital. That, plus robust merger and acquisition activity, set a record for venture-backed exit value—$165.2

San Diego VC Funding at $426.6M in Third Quarter; Plus Top 10 Deals

Xconomy

The San Diego artificial intelligence company Brain Corp. topped the chart for raising the most venture capital in San Diego during the third quarter that ended September 30, according to Venture Monitor data released Tuesday. Altogether, venture firms invested. As Xconomy reported in July, Brain Corp. raised $114 million in a Series C funding round led by Softbank’s new $100 billion Vision Fund.

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. Problems at one industry leader, San Francisco-based LendingClub (NYSE: LC ), have added to waning enthusiasm among some investors for the peer-to-peer model, which matches online users who want a loan with Wall Street investors or wealthy individuals looking for a higher rate of return than many traditional, fixed-income investments.

Two Days, Five Biotech IPOs, and $359M Raised for Clinical Trials

Xconomy

According to IPO research firm Renaissance Capital , 47 IPOs have priced so far this year across all sectors, down 27 percent compared to the same period in 2018.

Mark Levin Named Xconomy’s 2019 Lifetime Achievement Award Winner in Boston

Xconomy

Levin built Millennium Pharmaceuticals—inspiring a generation of future executives/entrepreneurs along the way—and also helped reinvent the venture capital market for early stage biotechs by founding Third Rock, where his work has helped bring a slew of important new companies and new drugs to market. Louis Steven Holtzman Third Rock Ventures VC Venture Capital Washington University Wisconsin xconomyawards xconomyawardsboston Zafgen

Acutus, Maker of Next-Gen Electrophysiology Tech, Adds $100M Series D

Xconomy

A company that makes a mapping system to help doctors see high-resolution, 3D images of irregular heart rhythms in real time has raised $100 million in venture investment and a $70 million credit facility to fund its full-scale market launch.

Vividion Raises $82M to Advance Small Molecule Drugs to the Clinic

Xconomy

Nextech Invest, a Swiss investment firm that funds companies developing cancer therapeutics, led the Series B round of funding. As part of the investment, Nextech partner Jakob Loven gets a board seat.

RiverVest Venture Closes $184M Fund for Backing Healthcare Ventures

Xconomy

Louis, MO-based venture capital firm with additional offices in San Diego, CA, and Cleveland, OH, has raised $184.4 million for its fourth fund dedicated to investing in healthcare companies. RiverVest Venture Partners, a St.

Invest 109

Beyond Meat’s IPO Bags $241M to Make Plant-Based Burgers Mainstream

Xconomy

deals DNS Venture Partners Ethan Brown Impossible Foods investing IPO Kleiner Perkins Caufield & Byers Kroger Obvious Ventures startups TGI Friday's VC Venture Capital Wegmans Whole Foods Market xperienceA Beyond Meat burger is coming to a location near you—and soon.

U.S. Venture Capital Deals on Pace to Exceed $100B in 2018

Xconomy

Once considered a passing phase, the concentration of capital into fewer, larger venture capital deals appears to be the new normal. Fueled by so-called mega-funds, investment in U.S.-based

No Pipeline Problem: Backstage Capital’s Detroit Plans Spark Excitement

Xconomy

In September, Backstage Capital , a venture investment firm seeding early-stage startups led by women, people of color, and members of the LGBTQ community, launched a $36 million fund to help support black women founders. ProjectDiane representation Sola Travel startups TechTown Detroit Valeska Toro VC Venture Capital Venture Catalysts

Reveal Biosciences Gets Intel’s Backing on “AI-Powered” Pathology

Xconomy

A 25-person startup developing advanced computing tools to speed up pathology work has raised its first institutional financing from a group of investors led by Intel Capital, the corporate investment arm of the chipmaker.

As Castle Bio Jumps on IPO Train, Industry Trends Suggest Slowdown

Xconomy

Castle Biosciences is joining the public markets through a $64 million IPO that will support cancer tests that help doctors make treatment decisions. On Wednesday evening, Castle priced its offering of 4 million shares at $16 apiece, which was the high end of its targeted price range.

Encoded Nabs $104M, Illumina’s Help, to Push Gene Therapy’s Limits

Xconomy

The South San Francisco, CA, company has emerged from the startup accelerator of Illumina (NASDAQ: ILMN ), and it counts the DNA sequencing giant among its investors along with Arch Venture Partners, Venrock, and others. Despite the progress of gene therapy—a cutting edge medicine promising long-lasting effects from a single treatment—it remains a crude and limited tool. Startup Encoded Therapeutics has raised $104 million to join the race to expand gene therapy’s reach.

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Bio Roundup: Opioid Exposé, Gilead’s Gambit, Life Science IPOs & More

Xconomy

The opioid crisis reaches all corners of the nation, and newly released data this week revealed how the growth of the epidemic tracked with a massive increase in the production and distribution of these drugs. From 2006 to 2012, the number of pills distributed to pharmacies increased by more than 50 percent. In total, 76 billion pills flooded the market.

Capital Stockpile Grows as Venture Fund-Raising Hits Recent High

Xconomy

In the venture capital business, a rising tide lifts all boats. venture firms have plenty of capital to invest in new companies, after 328 venture funds raised a total of $51.6 That’s the idea, at least. A new report released today by Seattle-based PitchBook shows that U.S.

VC Trends in 2019: More Money, Fewer Deals But Women Still Get Less

Xconomy

If you’ve been following venture capital trends, what you expected to happen in the first quarter of 2019 did: More money is being invested in fewer deals, and women founders still are getting less of it than men.

Could Facebook’s Crypto Break Financial System? Congress Airs Fears

Xconomy

Soaring prices of Bitcoin and other so-called digital tokens were attracting investments from speculators hoping to get rich quick—but these virtual coin values were also known to drop just as suddenly, the US Treasury Department’s Financial Stability Oversight Council noted.

Intel Capital Showcases 12 Startups, Shift to Data-Centric Strategy

Xconomy

The temperature in California’s Palm Desert hit 107 degrees Tuesday, but indoors at Intel Capital’s Global Summit meeting, the corporate venture arm said it has invested a cool $115 million so far this year. Intel Capital wasn’t ready to disclose exactly how many startups it has funded, but it highlighted a dozen tech companies that got almost two-thirds of the total ($72 million) with innovations in semiconductors, artificial intelligence, and the Internet of Things (IoT).

VelosBio Emerges with $58M in Funding to Steer Cancer Drugs to Clinic

Xconomy

VelosBio joined Johnson & Johnson’s JLABS @ San Diego incubator in January. VelosBio, a biotech startup researching new cancer drugs, has raised $58 million in financing.

TP Therapeutics Names New CEO, Gets $80M More for Cancer Drug Push

Xconomy

The San Diego-based biotech, which is developing targeted cancer drugs for people whose tumors resist other precision therapies, announced the changes Friday.

Trefoil Therapeutics Raises $28M and Eyes the Clinic for Cornea Drug

Xconomy

Trefoil Therapeutics, which is developing treatments for diseases that affect the cornea, the outermost layer of the eye, has raised $28 million to move its lead drug candidate into human testing.