There has been a sharp increase in venture capital funding of life sciences companies in the second quarter of 2013, according to a new report from PriceWaterhouseCoopers and the National Venture Capital Association.

San Diego companies were the third-most invested in, following San Francisco and Boston.

Venture capitalists invested $1.8 billion in 174 life sciences companies across the country in the second quarter — a 26 percent increase from the like quarter a year ago. Deal volume, however, decreased by 7 percent.

— Meghana Keshavan