SAN DIEGO—While biotech andlife-sciences firms typically attract venture capital to San Diego, robotics, artificial intelligence andhealthcare-related companies received the mostdollars in 2017, CBRE first VP AndrewEwald tells GlobeSt.com.
According to a recent report from the firm, venture capitalactivity bounced back in 2017 after a slower 2016, thanks to strongback-to-back quarters in investment. The 2017 total was over $1.6billion, which is the highest deal volume on record for San Diego,according to data from CBRE Research, PwC/CB InsightsMoneyTree Report, Pitchbook andMattermark.
M&A activity was also very high in the region during 2017,including 23 M&A deals in Q4 alone. This figure includesannounced or completed deals involving San Diego companies eitheras the acquirer or the acquired. Additionally, two companies mademajor stock offerings or IPOs.
In Q4 2017, San Diego firms received $452 million of VC investment,down 4.3% from Q3 2017, but up 161.3% year-over-year. There were 28deals executed this quarter, on par with the three-yearaverage.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.