Home BloomBites Bloombites: Q3 2021 San Diego Venture Report | October 29, 2021

Bloombites: Q3 2021 San Diego Venture Report | October 29, 2021

by Neal Bloom

Last week of October and San Diego Startup Month. Big in person even this Friday in Sorrento Valley where we have the Startup Awards and more. Join us and use my discount code ‘Bloom50’ to grab a ticket.

Join us every Friday for our Fast Five SD Tech Stories on Clubhouse and recent recordings here:

After reading the CB Insights 2021 Q3 report and seeing San Diego left out, we decided we needed our own report. Seriously CB? Top 6 city for venture capital in the US but you’d rather focus on Miami?!

So myself, Fref Grier, and Mike Krenn of Connect pulled data and we found the following:

The stats of Q3 of 2021:
  • $2.02B raised in 74 private venture fundings in Q3 alone from Connect Airtable
  • 6 companies raised more than $100M rounds mostly tech companies like Shield AI ($200M), Williot ($200M), Seismic ($170M), NetraDyne ($150M), Genomatica ($118M) and Lycia Therapeutics ($105M)
  • $912M raised collectively in 6 IPOs from Neal’s SD Publics Spreadsheet
    Cue Health, Tyra Biosciences, Effector Therapeutics, Dermata Therapeutics, Erasca, Lumos Diagnostics
  • $5.1B current combined current market cap of these six public companies
  • 12 acquisitions, the largest of which was more than $5.5B of BioLengend
    Other notable acquisitions TakeLessons by Microsoft, Uqora, NewRocket, LawnLove, Suja Juice, Ecwid for $500M, Omniome for $800M
  • 3 new venture funds: Seaside Equity of $160M, Harpoon Fund III of $120M, Moore Venture Partners Fund IV of $15M
  • New companies opened SD offices: iBio (Texas-based) & Mainstay Medical (Ireland-based)

These are some massive numbers and growth. This was our yearly data just 2-3 years ago. Onward San Diego!

See you at SD Startup Month!

Follow @FreshBrewedTech on Twitter for daily SD tech news.

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