OC Tech Funding Tops $100M in 3Q

Jason Lantgen

Orange County tech funding is growing. According to research from JLL, there was $106 million in total tech funding in the third quarter. It was the second consecutive quarter when tech funding surpassed $100 million and the fourth consecutive year when tech funding has surpassed $500 million. Venture capital and private equity has made up a bulk of the tech funding in the market, and a majority of the capital has gone to IT and software companies.

“When you look at the companies being funded within the region, I believe it speaks less to a core focus and more of a broader representation of the skilled workforce across so many different business types,” Jason Lantgen, VP at JLL, tells GlobeSt.com. “New businesses are being formed across various industries, not just one.  In order for these entrepreneurs to thrive they need an idea, a proof of concept and of course an ability to scale.  All of these components take time and I believe this has a lot to do with broader connectivity in the region, better access to resources, and better access to capital.”