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Third Largest VC Quarter on Record | SD Marketflash: Capital Recap Q2 2019

30 jul. 2019

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San Diego companies raised over $744 million in VC funding in Q2 2019, the third most in a single quarter on record. Life science investment surged after a quiet first quarter affected by the government shutdown and delayed SEC filings. Investment in life science companies totaled $550.0 million in Q2 compared to just $76.1 million raised in Q1. Nearly 60% of life science investment went to biotech/pharmaceutical companies, with the rest going to medical device companies. Investment in San Diego tech companies reached $181.3 million, which was the third highest all time behind 2019 Q1 and 2017 Q3.