Last week of October and San Diego Startup Month. Big in person even this Friday in Sorrento Valley where we have the Startup Awards and more. Join us and use my discount code ‘Bloom50’ to grab a ticket.
Join us every Friday for our Fast Five SD Tech Stories on Clubhouse and recent recordings here:
After reading the CB Insights 2021 Q3 report and seeing San Diego left out, we decided we needed our own report. Seriously CB? Top 6 city for venture capital in the US but you’d rather focus on Miami?!
So myself, Fref Grier, and Mike Krenn of Connect pulled data and we found the following:
The stats of Q3 of 2021:
6 companies raised more than $100M rounds mostly tech companies like Shield AI ($200M), Williot ($200M), Seismic ($170M), NetraDyne ($150M), Genomatica ($118M) and Lycia Therapeutics ($105M)
Cue Health, Tyra Biosciences, Effector Therapeutics, Dermata Therapeutics, Erasca, Lumos Diagnostics
$5.1B current combined current market cap of these six public companies
12 acquisitions, the largest of which was more than $5.5B of BioLengend
Other notable acquisitions TakeLessons by Microsoft, Uqora, NewRocket, LawnLove, Suja Juice, Ecwid for $500M, Omniome for $800M
3 new venture funds
Seaside Equity of $160M, Harpoon Fund III of $120M, Moore Venture Partners Fund IV of $15M
New companies opened SD offices
iBio (Texas-based) & Mainstay Medical (Ireland-based)
These are some massive numbers and growth. This was our yearly data just 2-3 years ago. Onward San Diego!
See you at SD Startup Month!