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California  | 
Westport Properties plans to develop industrial properties in the San Diego submarkets of Otay Mesa and Oceanside/Carlsbad

VC Funding Continues to Flow into San Diego

CBRE’s latest snapshot of venture capital investment in San Diego reveals an increasing flow to the sector, including the largest biotech VC investment in the U.S. Every quarter, except for one since 2015, venture capital investment in San Diego has been more than $100 million higher than the average quarterly total.

Total VC investment increased in Q2 2016 to $388.9 million, up 7.6% from Q1 2016 and 182% from Q2 2016. Human Longevity accounted for $220 million (94.4%) of biotech investment. This was the largest biotech deal and the third largest overall VC deal in the U.S. for the quarter, behind Uber and Snapchat.

Additional CBRE report findings include:

  • Deal volume was 21, the fewest since Q2 2013
  • VC investment so far in 2016 reached $750.4 million, compared to $511.1 million in Q1 2015
  • Q2 2016 investment was 48.3% higher than the quarterly average from 2013 to present
  • Biotech investment led all industry types in Q2, with $233 million in VC investment
  • Software investment in San Diego was the next highest, with eight deals totaling $72.4 million. This was nearly $31 million higher than the previous 4-quarter average. The largest software deal in Q2 was Seismic Software ($40 million).
  • An unusually low volume of medical device deals (3) were done with San Diego companies in Q2, with dollar volume reaching only $25 million. This is 35% lower than the quarterly average.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

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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.

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