Banner Year for Tech Funding | SD Marketflash: Capital Recap Q4 2019
24 ene. 2020
- San Diego companies raised $782.4 million in VC funding in Q4 2019, the third highest quarterly funding on record. Life science companies ended the year on a high note with $694.7 million in venture capital. This was the second highest quarter on record for life science investment, driven by biotech/pharma companies raising $588.1 million. Life science investment reached $1.3 billion in 2019, the second highest year ever behind 2018.
- Tech investment had a quiet fourth quarter by recent standards, reaching $91.2 million. While this was the smallest amount raised in a quarter in 2019, total tech venture capital funds raised in 2019 soared to a record $854.8 million. Software/web companies raised the majority of the funding with $709.1 million over the course of 2019.