Q3 VC Funding Still Strongly Favors Life Sciences
Summary
Venture investments in local biotech, medical diagnostics, and device companies also made up the most of the deals counted during the second quarter.The total amount of all venture capital invested in the San Diego region increased about 13 percent from the previous quarter (when $204.9 million went into 28 companies).The MoneyTree Report is prepared by the PricewaterhouseCoopers accounting firm through a partnership with the National Venture Capital Association and Thomson Reuters.Media and Entertainment startups in the San Diego area got the second biggest share of venture capital, with three companies receiving $61.6 million (27 percent) of the total invested.San Diego’s software sector accounted for the third biggest chunk of venture capital, with $19.3 million (8 percent) invested in five deals.