Thank you for sharing!

Your article was successfully shared with the contacts you provided.

San Diego venture capital funding hasn’t slowed down. Although the market has been a hotspot for venture capital investment for years, the first quarter of 2021 managed to near record breaking levels. San Diego companies raised $2.3 billion in venture capital funding in the first quarter, the second highest on record, according to research from CBRE. The highest on record was in the fourth quarter of 2020.

Life science and technology companies drove the bulk of the funding activity. Life science companies raked in more than $1.8 billion, while tech companies accounted for $400.7 million. Eight single transactions were responsible for the large number. The companies received investments from $100 million to $300 million. “These eight deals accounted for roughly half of the quarterly investment volume,” Michael Combs, associate field research director at CBRE, tells GlobeSt.com. “There were also several sizeable tech deals nearing $100 million and it was one of the strongest quarters on record for tech investment. It was a diverse mix of companies receiving funding, but the largest rounds were for biopharma R&D, artificial intelligence and digital marketing companies primarily.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

GlobeSt. Healthcare Real Estate 2021Event

Join the industry's top owners, investors, developers, brokers and financiers for the real estate healthcare event of the year!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.