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Spotlight: San Diego VC Funding

Xconomy’s Bruce V. Bigelow reports that “Venture capital investors sank $547.2 million into 37 startup companies throughout San Diego County during the first three months of 2018, maintaining roughly the same level of venture funding seen in recent quarters”, but also that “that the overwhelming majority of venture funding invested in San Diego went to life sciences companies in the first quarter.”

Also: “According to PitchBook data, biotechs and other healthcare companies accounted for seven of the top 10 deals in the region, and more than $360 million—or almost two-thirds—of the total PitchBook counted. According to MoneyTree data, life sciences accounted for seven deals and $319 million—or more than 92 percent—of the total that MoneyTree counted in San Diego.”

A list of top 5 deals in San Diego, based on PitchBook data:

Ideaya Biosciences $94 million Biotech
Gossamer Bio $80 million Healthcare Devices
Crinetics Pharamaceuticals $63.5 million Biotech
Singlera Genomics $60 million Biotech
Expansion Therapeutics $55.3 million Biotech