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California  + Finance  | 

CBRE Finds San Diego’s Biotech Captures Most VC Investment

San Diego medical device companies received the most venture capital investment since 2009, a new CBRE Q1 2016 Capital Recap found. While investment was down compared to 2015 numbers, it is roughly on par with the quarterly average from 2013 to 2015.

Overall trends reveal that total VC investments in San Diego firms declined 28% in Q1 to $253.5 million from Q4 2015, and 32.1% from Q1 2015. Deal volume was also down to 21, the fewest since Q2 2013.

Other highlights include from the Life Science sector: 

  • Medical device investments led all industry types in Q1 with $95 million in VC investment, the most since Q2 2009.
  • San Diego represented 18.7% of all medical device deals in the US in Q1.
  • Two of the largest med device deals in the US in Q1 2016 were to San Diego regional companies. Carlsbad’s Acutus Medical ($75 million) and San Diego’s BioTheranostics ($30 million).
  • An unusually low volume of biotech deals (6) were done in Q1, with dollar volume reaching only $85 million.
  • This is 65% lower than the quarterly average over 2013 to 2015, which is typically around $140 million.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
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