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
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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