Home BloomBites Bloombites: Corporate Venture Funds to Watch | February 17, 2021

Bloombites: Corporate Venture Funds to Watch | February 17, 2021

by Neal Bloom
We love to talk about our startups, but we cover so much more with Fresh Brewed Tech, including our region’s thriving big tech and biotech scene.
Something exciting to watch is big tech getting into the startup game through investing, incubating, accelerating, and acquiring.
One example is Qualcomm Ventures, which has long been investing in a multitude of tech startups, some that don’t even have relevance to its core domain expertise. The investment arm of local behemoth Qualcomm has funded a number of San Diego startups, like AttackIQ, Airspace Technologies, Kneron, and Wiliot, which is great to see.
San Diego-based Illumina also has a venture fund based in SF and startup accelerators based in SF and the U.K. Illumina Ventures just announced a new class of accelerator members, but unfortunately no San Diego companies were included in this round.
San Diego’s latest corporate venture fund comes from Dexcom, a leading diabetes tech company. It’s great to see Dexcom Ventures investing beyond its own business and we hope some of those investments go towards deepening the diabetes tech cluster in San Diego.
Speaking of biotech, there’s some major growth happening in our ecosystem as life science companies build up and out in Carlsbad, Vista, Downtown, and more.
We are happy to see one of our top industries continue to grow and expand to other areas of the county. Check out this article by Mary Walshok about how downtown is reinventing itself with this biotech and innovation expansion.
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