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Tech Investment Surges to Record Level | SD Marketflash: Capital Recap Q3 2019

15 oct. 2019

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San Diego companies raised $627.8 million in venture capital (VC) funding in Q3 2019, the fourth most in a single quarter on record. Tech investment in particular surged after a quiet second quarter, reaching $308.6 million in Q3, which is the highest single quarter on record for tech investment. Software/web companies made up over 65% of total venture capital for tech companies with $266.1 million. Investment in life science companies totaled $172.0 million in Q3, a decrease from $550.0 million raised in Q2. Nearly 90% of life science investment went to biotech/pharmaceutical companies, with the rest going to medical device companies.