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Friday, Apr 19, 2024
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San Diego Startups Raised $204M in Early 2019

After raising near-record amounts in 2018, San Diego startups continued to draw big investments into the new year. In the first quarter of 2019, San Diego companies raised $204 million over 20 deals, down from $358.4 million in the first quarter of 2018, according to a report released on April 9 by PricewaterhouseCoopers and CB Insights.

Nationwide, the amount of funding increased slightly compared to 2018. U.S. companies raised a total of $24.6 billion across 1,279 deals in the first quarter of 2019, compared to $22.8 billion across 1,524 deals at the beginning of 2018.

Though funding in 2019 fell from the explosive funding rounds of late 2018, the U.S. had a record number of unicorns, or private companies valued over $1 billion, with 147 reported in the first quarter. The new year also saw a handful notable companies going public, including Gossamer Bio’s $276 million IPO. The company was valued at $966 million when it went public, making it the third top-valued IPO in the country behind Lyft and Alector Biosciences.

These were the top 20 venture capital investments in the San Diego area, according to the PwC MoneyTree report:

  • Ostendo Technologies – $45 million
  • Wiliot – $30 million
  • Erasca – $22 million
  • Adigica Health – $18.71 million
  • Home Bay – $13.5 million
  • PetDesk – $12 million
  • Zingle – $11 million
  • LeadCrunch – $10.55 million
  • Liquid Instruments – $8.16 million
  • Cardea Bio – $7.8 million
  • Exagen Diagnostics – $6.59 million
  • Biolinq – $4.75 million
  • alwaysAI – $4 million
  • GenomeDx Biosciences – $3.2 million
  • BioIntervene – $3.13 million
  • MixMode – $1.83 million
  • AltheaDx – $1.68 million
  • MedCrypt – $150,000
  • GoMeta – seed round, amount not disclosed
  • JuneShine – seed round, amount not disclosed

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