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$472M in VC Funding for San Diego

San Diego firms received $472 million of VC investment in Q3 2017, up 19.4% from Q2 2017 and 51.4% from Q3 2016, according to data from CBRE Research, PwC/CB Insights MoneyTree Report and Mattermark. There were 25 deals executed this quarter, which is just below the three-year average of 28 deals per quarter, but deal sizes were much larger, driving the total to a recent high mark.

Venture capital activity slowed in 2016, after a particularly strong 2015. The 2017 year-to-date total already exceeds the $1 billion mark, and has nearly passed the 2016 annual total. In Q3 2017, there were also 27 M&A deals announced or completed.

Tech companies in San Diego scored 11 deals totaling $244 million, more than three times the amount from Q2 2017. Software and web companies received the bulk of the investment at $237 million.

Life science companies received $180 million in investments from 11 deals. This figure was down 44.3% from Q2 2017, but up 47.8% from Q3 2016. Medical device and diagnostic companies received $49 million in Q3, compared to $131 million that went to biotech / pharmaceutical companies.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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