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OC Cracks Top 10 in VC Funding, Again

In Q3 2016, Orange County recorded $130.61 million in high tech VC funding, making it the 10th highest market in the country, according to research from JLL.

Key findings include:

  • Of the top ten markets, Orange County recorded the third highest average deal size of $14.51 million
  • Funding volume increased 3.8% year-over-year
  • Venture capital activity was led by NextVR ($80 million), Digital Map Products ($36 million) and Cloudvirga ($7.5 million)
  • Software industry raised the most VC funding so far in 2016, with a total of $279.5 million
  • Media/entertainment firms are picking up steam, with a year-to-date total of $97.1 million

“Growth in the local tech sector and VC funding has been a key driver to the post-recession Orange County economy,” says JLL’s Jared Dienstag. “A diversified economy is key to the continued growth of the commercial real estate market, because it brings demand for space from multiple industries. Strong VC funding activity also enables Orange County to better compete with larger tech markets.”

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Read more at JLLConnect With JLL’s Dienstag

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.

  • ◦Economy
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