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Tracking Record VC Investment in San Diego’s Life Sciences Sector

California  + Weekender  | 

Life science companies in San Diego received a record-setting amount of venture capital investment in Q2 2018, reaching $427.5 million, according to research compiled by CBRE. Investment in tech and other sectors was slower in Q2, but total investment reached $501.3 million.

This represents the third highest quarter on record, and on the heels of the record $593 million set last quarter. This amounts to a first-half pace of more than $1 billion, a mark previously not reached in San Diego. The largest deal this quarter went to Ansun BioPharma, a Torrey Pines-based clinical-stage biopharmaceuticals company that received $85 million in Series A funding.

The global trend of higher M&A activity in San Diego slowed to deal count of 16 known M&A transactions in Q2, which includes announced or completed deals involving San Diego companies. There’s plenty of significant deals on the horizon awaiting approval. Though Qualcomm’s deal with Broadcom failed, Qualcomm has proposed a $44-billion acquisition of NXP Semiconductors.

For comments, questions or concerns, please contact Dennis Kaiser

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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.