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. San Jose-Sunnyvale-Santa Clara; 2.

$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.

Tech Coast Angels-San Diego Sees Big Growth In Angels

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The Tech Coast Angels San Diego (TCA-SD) angel investment network, the San Diego arm of the Tech Coast Angels, has seen a big growth in the number of angel investors who are members of the group this year, the group said this week. The group said the growth both comes from the overall growth of the startup ecosystem in San Diego, as well as elevated interest in early-stage investing.

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.

San Diego Venture Investor Barbara Bry Takes Aim At Mayor's Seat

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San Diego venture investor and entrepreneur Barbara Bry , who co-founded Proflowers.com and several other local technology companies, said on Wednesday that she is running for Mayor of San Diego , in a move to further extend her experience in the technology industry into politics. Bry is married to fellow investor and entrepreneur Neal Senturia, who she co-ran a venture investment firm, Blackbird Ventures with.

San Diego Startup Investors Launch Their Own TV Show, VCs In A Van

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A group of San Diego angel and venture capital investors have launched their very own television show--which is airing on local cable channels--focused on investments in Southern California--called VCs in a Van , which will air on local Cox, Time Warner, and Spectrum channels. television content venture capital cable investorWho needs Shark Tank?

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 in the first quarter last year.

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

Xconomy Guide to Best Sessions at Startup Week San Diego

Xconomy

Startup Week San Diego, like a lot of other places that host similar events, has been billed as a weeklong celebration of entrepreneurship. This year’s Startup Week also has added five new tracks intended to highlight San Diego’s strengths as a startup ecosystem.

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 says it invests in biotechnology companies that are developing drugs that address high unmet medical needs and improve the lives of patients. sofinnova diego biotech lifescience venture capital investor investments financial

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.

Report: Los Angeles, San Diego Among Top Startup Markets

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Los Angeles and San Diego are among the metro areas with the highest startup activity, based on a new report from the Ewing Marion Kauffman Foundation. The foundation ranked Los Angeles as number 3, and San Diego as number 4 in terms of the highest startup activity in the United States, based on the rate of new entrepreneurs, startup density, and other factors. kauffman angeles diego startup activity report venture capital economy investment

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.

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.

Health IQ Finds $34.6M, Plans San Diego Hiring

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in a Series C funding round, which it said partially go to expanding hiring at its San Diego offices, the company announced on Wednesday. The funding was led by Andreessen Horowitz, and also included include Charles River Ventures, Ribbit Capital, Foundation Capital, First Round Capital, Felicis Ventures and Western Technology Investments. Health IQ has positions in sales and account management listed from its San Diego offices.

This Week in Venture Capital – Episode 4

Both Sides of the Table

This was the first episode where Jason wasn’t on the show, which gave me the chance to have another VC on the show to discuss deals. Rustic Canyon is an LA-based, but geography-agnostic VC that is currently investing from a $200 million fund. VC Financings: 1.

Latest Data Show Venture Capital Industry on Pins and Needles

Xconomy

venture industry is also exhibiting some fatigue as we finish the 88th month since the last recession. 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

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.

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.

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.

Anzu Partners, With Offices In San Diego, Raises $128.4M Venture Fund

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Anzu Partners , a venture capital and private equity investors focused on industrial technology with offices in the San Diego area, has quietly raised $128.4M in its first venture capital fund. revealed its fund in December, saying it invests in breakthrough industrial technologies, with a focus on manufacturing, materials, monitoring and measurement, and modeling.

Dell Technologies Goes Public About $100M Venture Capital Arm

Xconomy

Austin —Dell Technologies is publicly unveiling a venture capital investment arm that has been quietly investing in startups since the operation was run by EMC, the data storage giant that Dell agreed to acquire for $67 billion in 2015. Called Dell Technologies Capital, the investment arm plans to provide funding to about 20 startups this year, Scott Darling, president of group, told Bloomberg , which first reported the news this morning.

Big Deals, Life Sciences Push U.S. VC in 2018 to Dot-Com Boom Levels

Xconomy

Venture capital investments rose in 2018 to levels not seen since the heady days of 2000, the last year U.S. That was about 500 fewer deals than in the year prior, but the total amount invested increased by $47.9

RiverVest Venture Closes $184M Fund for Backing Healthcare Ventures

Xconomy

RiverVest Venture Partners, a St. 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.

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DFJ Mercury Promotes Venture Partner In San Diego

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DFJ Mercury , one of the affiliate venture firms of Draper Fisher Jurvetson, said Tuesday that it has promoted a venture partner who will be splitting his time between La Jolla and Houston, its headquarters. to Venture Partner, from his prior role as a venture advisor to the company.

Former Biotech VC Steven Burrill Draws 30-Month Prison Term for Fraud

Xconomy

Steven Burrill, once a noted biotech investment fund founder, sought-after conference speaker, and life sciences publisher, was sentenced Wednesday to serve 30 months in federal prison for defrauding his investors and evading taxes.

A VC’s Take: Global Volatility Hurts U.S. Venture Ecosystem

Xconomy

Alex Niehenke , a partner at Foster City, CA-based Scale Venture Partners , weighed in on the same issue after the start of the new year, and when the partial. government shutdown VC Venture Capital volatility Web wireless work visas Yearend2018As Xconomy’s editors looked back at the year just passed, we asked technology leaders to comment on the trends they’d observed in 2018, and the developments they expected in 2019.

Three Factors Which Intoxicate Venture Capitalists - Why Your Startup Will (Probably) Not Raise Venture Capital Funding

InfoChachkie

Randy Churchill and his team at PricewaterhouseCoopers meticulously prepare a quarterly report detailing the venture landscape, called Shaking The Money Tree. The Three Enthralling Factors Of Venture Funding. Thanks Mr. Big Firm VC.

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.

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. and was president of Ionian Technologies in San Diego.

Despite Low Crop Prices, Corporate and VC Agtech Investments Soar

Xconomy

Prices for agricultural commodities such as corn, soy, and wheat are at their lowest levels in years, but investment in agricultural technology has never been better. They also queried 15 VC firms. Venture capitalists are similarly cautious.

Dow Jones VentureSource: Southern California Gets $2.96 Billion In VC In Q4

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billion in venture capital in Q4 of 2018, according to data from Dow Jones VentureSource , released on Friday. billion in San Diego and $0.42 The region had a total of 124 deals logged by Dow Jones VentureSource, split between 75 in Los Angeles, 29 in San Diego, and 20 in Orange County. billion invested, which Dow Jones called "and unprecedented quarter and year". companies for the quarter, a staggering $26.126 billion in investments.

Illumina Ventures Raises $230M Venture Capital Fund

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Illumina Ventures , the early-stage venture capital investor which was founded by San Diego-based life sciences equipment maker Illumina , says it has raised $230M for its first fund. The venture capital investment fund said it is focused on genomics, and will invest in companies in the areas of life science research, clinical diagnostics, novel therapeutic platforms, and other technologies impacting human health.

Trust & Will Raises $2M to Advance Digitization of Estate Planning

Xconomy

The team at Trust & Will, a San Diego-based startup founded in October of 2017, is betting that a good chunk of those people would shell out some money to outline an estate plan if the process were cheaper and easier. [ Updated 9:30 a.m., see below. Roughly half of American adults have no legal document that details how their assets should be distributed when they die.

Norwest VC Eyes Waves of Change in A.I., Marketing, Cloud for 2019

Xconomy

Venture capital firms invest in potentially disruptive technologies with the hope of profit, then keep watch for further advances that could overtake their existing portfolio companies. Scott Beechuk, a partner at Norwest Venture Partners , is one of the tech industry observers invited by Xconomy to look back at the technology developments of 2018, and also forecast some trends he expects to see in 2019.

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