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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.

Santa Barbara, San Diego Tops On Per-Capita Venture Capital

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A new study released earlier this month has ranked the Santa Barbara-Santa Maria-Goleta metropolitan area, as well as the San Diego-Carlsbad-San Marcos metropolitan area among the top ten markets for venture capital activity. venture capital deals per 100,000 people.

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 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. 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 San Diego. $20

Colorado’s Webroot Buys CyberFlow Analytics, Expands in San Diego

Xconomy

Not long after ViaSat (NASDAQ: VSAT ) acquired San Diego-based LonoCloud in 2013 , former LonoCloud executives Tom Caldwell and Hossein Eslambolchi met for coffee at the Specialty’s Café and Bakery in University City. In the three years since it was founded, CyberFlow raised at least $4 million from investors that include Toshiba America Electronic Components, Siemens Venture Capital, and angel investors. San Diego represents a major growth area for Webroot.

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.

Los Angeles, San Diego Among Top 10 Cities For Startups

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A list of the top ten cities for startups was released by USA Today and the National Venture Capital Association today, naming both Los Angeles and San Diego among the best cities for startup companies.

Angel 74

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.

San Diego Innovation Economy Extended Gains in 2015: Connect Report

Xconomy

San Diego’s innovation clusters continued to grow in 2015, as local startups, funding deals, and job growth extended an economic growth spurt that began in 2013. Innovation Companies in San Diego (Courtesy Connect Innovation Report).

Swarm Aims To Rejuvenate San Diego's Software Industry

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It hasn''t been a great few months for San Diego''s software and technology industry, as the city has seen three, big software companies move their operations, and thousands of jobs, to Texas. However, in a bid to rejuvenate and re-energize the industry, a new effort-- Swarm --has just launched to bring together local software entrepreneurs, venture capital, and angel investors, in an attempt to bring new life to the region. growth investment industry software diego swarm

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.

San Diego Social Media Startup Soci Adds Austin Office, Raises $8.5M

Xconomy

Soci, a San Diego startup that created a Web platform for managing social media, has closed on $8.5 The five-year-old startup, which had 35 employees five months ago when it was named as a 2017 Xconomy San Diego company to watch , now has 50 employees. million in Series A financing that will be used to build on the company’s recent growth, including a second office in Austin, TX, according to co-founder and CEO Afif Khoury.

Amid Gender Gap Talk, Mentor Network Emerges For Women In Health, Bio

Xconomy

It’s been more than a year since an infamous party with hired models in cocktail dresses captured the biotech community’s attention at the 2016 J.P. Morgan conference. There has been plenty of talk since about closing biotech’s notable gender gap. At this year’s J.P

The Xconomy Roadmap: Top 15 Innovation Areas to Watch (and Disrupt)

Xconomy

View the Slideshow It is a time of great transitions in the technology and business world. Key advances in areas like machine intelligence, agriculture, and healthcare seem poised to transform society—and everyday life.

News 30

AttackIQ, Which Makes Tools to Assess Cybersecurity, Raises $8.8M

Xconomy

San Diego-based AttackIQ, a cybersecurity startup providing a Web-based platform for assessing network defenses, has finally closed its Series A round of founding, after raising a total of $8.8 Institutional investors included San Francisco-based Index Ventures , Qualcomm Ventures , and Telstra Ventures.

REGEN Energy Finds Funding, Sets Up San Diego Office

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office in San Diego. REGEN, which develops wireless demand management and demand response products for the utility industry, said the funding came from NGEN Partners and BDC Venture Capital, and will go towards rapidly expanding its marketing activities across North America. The firm said it will focus its resources on efforts in the United States, and particularly California, where its new San Diego office was opened this month.

Correlation Ventures Raises $200M, Maintains its “Moneyball” Strategy

Xconomy

The firm, which has offices in San Diego, Palo Alto, and New York, said it now has $366 million in assets under management.

Sofinnova, With Offices In San Diego, Lands $650M For Biotech Investments

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Biotech venture capital investor Sofinnova , which has offices in San Diego, announced that it has raised $650M in its newest fund, Sofinnova Venture Partners X. sofinnova diego biotech lifescience venture capital investor investments financialThe firm said it closed the fund at its hard cap of $650M, after exceeding its initial funding target of $550M.

Dauntless Takes Flight with New Business Model for Starting Biotechs

Xconomy

First came Inception Sciences , a holding company for spinning out biotech startups established by Versant Ventures and Peppi Prasit, the veteran San Diego drug developer. We are taking capital as needed, not sooner.”.

Qualcomm and AT&T Partner to Use Wireless Network for Drone Flights

Xconomy

After signaling that it plans to operate drones via cellular technologies, San Diego-based Qualcomm says today it is working with AT&T to use commercial wireless networks for test flights beyond an operator’s visual line of sight.

Tealium Adds $35M to Expand Technology, Sharpen Customer Focus

Xconomy

Tealium, a San-Diego startup that provides online advertising tag management and marketing services for enterprise customers, has raised $35 million in a growth financing deal intended to expand its technology and market reach. Georgian Partners and Bain Capital Ventures, the investment firms that anchored Tealium’s $30.7 Tealium also unveiled a new “executive briefing center” (pictured above) at its expanded San Diego headquarters.

Avelas Bio Raises $20M to Push Cancer-Illuminating Biologic Agent

Xconomy

San Diego’s Avelas Biosciences , founded in 2009 to advance a fluorescing biologic agent intended to help surgeons differentiate cancerous tissue from healthy tissue, has completed a $20 million Series C round of venture funding. and San Diego’s Avalon Ventures.

Latest Data Show Venture Capital Industry on Pins and Needles

Xconomy

According to the National Venture Capital Association and PitchBook , this past quarter $15 billion was invested in 1,810 deals , which compares unfavorably to both the prior quarter ($22.1 billion, or 68 percent of all capital raised, indicating a further concentration of investment managers.

San Diego Tech Coast Angels Honor John G. Watson With Memorial Fund

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The San Diego chapter of the Tech Coast Angels , the largest angel investment group in Southern California, as well as the United States, said today that it has established a new, memorial fund, the John G. Watson Foundation , which will support entrepreneurism in the San Diego region.

Angel 34

TakeLessons CEO Discusses Chromatik Buyout, Why it’s a Good Fit

Xconomy

San Diego-based TakeLessons set out nine years ago to create a Web-based platform that helped match music students with qualified instructors. Since then, TakeLessons has raised a total of $20 million in venture capital, and expanded into new markets and services.

Avalon Leads $18M in Early Funding for Cancer Immunotherapy Startup

Xconomy

Fortis Therapeutics, a new San Diego biotech, has raised $18 million in initial funding to develop drugs for hard-to-treat prostate and bone marrow cancers. Lilly Asia Ventures, Osage University Partners, and Vivo Capital joined in the deal, according to a statement from Avalon.

AnaptysBio Adds More Shares, Raises $75M in Stock Market Debut

Xconomy

The San Diego-based company sold 5 million shares at $15 apiece—in line with the $14 to $16 per share range it set earlier this month—and is now trading on the Nasdaq under the symbol “ANAB.” AnaptysBio is the first U.S.

With New Data, Amgen Promises Refund If Cholesterol Drug Doesn’t Work

Xconomy

Stung by slow sales of its next-generation anti-cholesterol drug, Amgen hopes new clinical data, released this morning, will spur doctors to boost prescriptions and—perhaps more important—drive insurers to loosen their restrictions. The data, from a massive study of more than 27,000 patients, come at a time when drug and healthcare prices are a top U.S. political issue, and pricey new cholesterol drugs have been a key battleground.

Report: Biotech VCs Perpetuate Boardroom Gender Gap

Xconomy

Morgan Life Sciences Liftstream Nina Kjellson Pearl Freier Pfizer public recruiter Recruitment Roche Sanofi VC Venture Capital Wende Hutton women Women in Bio

StockTwits Acquires Mobile App SparkFin to Add Fintech Services

Xconomy

StockTwits, the Twitter-like social media platform for sharing stock market tips and ideas, has acquired San Diego’s SparkFin, a fintech mobile app for discovering and sharing stocks and other investment ideas. The common denominator in both companies is Howard Lindzon, the Wall Street trader and hedge fund manager who founded StockTwits in San Diego in 2008.

Sluggish Year for IPOs, But Signs Abound of Post-Election Surge

Xconomy

IPO activity at a sluggish pace—so sluggish, in fact, that this year could end with the fewest IPOs and the lowest level of capital raised since 2009, according to PitchBook data for the first nine months of 2016. Uncertainty surrounding this year’s presidential election has kept U.S.

Cybersecurity Startup MedCrypt Gets $750K to Defend Health Devices

Xconomy

MedCrypt, a healthtech cybersecurity startup founded near San Diego, has raised $750,000 in a seed financing round led by Safeguard Scientifics (NYSE: SFE ), a private equity fund in suburban Philadelphia that invests in healthcare, fintech, and digital media.

An Homage to Larry Bock, Who Had God’s Hand on His Shoulder

Xconomy

When I told Larry Bock in an email about four months ago that I had been diagnosed with cancer, the renowned San Diego life sciences investor asked if he might see me at UC San Diego’s Moores Cancer Center.

Agtech Accelerator Radicle Recruits Industry Vets to Mentor Startups

Xconomy

Former Sapphire Energy CEO Jason Pyle is one of four agricultural technology veterans who have agreed to advise the startups taking root at Radicle, the San Diego-based accelerator focused on agricultural and food tech ventures. Radicle named Pyle, who is now the CEO of BaseHealth, a Silicon Valley healthtech developer of analytic software, as a venture partner in a statement released last week.

TVC Capital Backs Celigo

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San Diego-based software growth equity investor TVC Capital has backed Celigo , a developer of software to integrate cloud-based applications. Celigo said this morning that it has raised $8M in an expansion capital round, its first institutional funding since it was founded in 2006. A part of the funding, TVC Capital's Steven J. celigo capital venture software growth equity

Nervana’s $400M+ Buyout Reflects Key Tech Trend in Machine Learning

Xconomy

On the day after Intel announced its acquisition of San Diego machine learning startup Nervana Systems, investor Steve Jurvetson told me he was feeling a sense of satisfaction about a call he made three years ago, and how it has been playing out.

Cybersecurity Firm Proficio Raises $12M in Private Equity Round

Xconomy

Proficio, a Carlsbad, CA-based startup providing cybersecurity protection services for middle market companies, has raised $12 million in an investment round led by Kayne Anderson Capital Advisors. The Los Angeles-based private equity firm provided funding from its Kayne Partners Fund Group, which invests in high-growth technology businesses.

With $30M Infusion, Certona Aims for Bigger Share of Digital Retail

Xconomy

After raising $30 million, San Diego-based Certona said it is moving to accelerate its product development, expand its sales and marketing team, and improve its client services as an e-commerce technology vendor. Unlike many of its rivals, Sheik said Certona had raised a total of only $7 million in venture capital (in 2008) from ABS Ventures of Waltham, MA, and San Diego’s Express Ventures. “We’ve

Raken Expands In San Diego

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San Diego-based construction compliance and reporting software developer Raken announced this morning that it is expanding its footprint in San Diego, and has moved into a new space at make (cq) in Carlsbad. Raken recently raised $2M in a funding round from Rincon Venture Partners, Eniac Ventures, and Spider Capital. raken diego construction compliance reporting software growth expansion headquarters

New Bootstrap Fund Pulls Itself Up in World of Health IT Deals

Xconomy

Healthtech entrepreneur Parker Hinshaw and his wife Jean Balgrosky said they intended to take a step back when they founded Bootstrap Incubation near San Diego in the fall of 2012. They came to San Diego in 1996, when Scripps Health hired Balgrosky as CIO and senior vice president.