San Diego Startups Raise Over $300M From VCs in Second Quarter

cash, folding money,

106 companies

New York Metro: $567.9 million in 82 companies

Los Angeles/Orange County: (counted as one region): $532.6 million in 64 companies.

A list of San Diego’s top 10 deals, including the venture investors, is here:

Sangart: $50.7 million; undisclosed investor. (Leucadia National (NYSE: [[ticker:LUK]]) has been Sangart’s sole investor since the company was founded)

SmartDrive Systems: $47 million; New Enterprise Associates, Oak Investment Partners, Stanford University.

Astute Medical: $40.5 million; De Novo Ventures, Delphi Ventures, Domain Associates, Johnson & Johnson Development Corp.; Kaiser Permanente Ventures, MPM Capital.

Global Analytics: $25 million; Crosslink Capital, Leapfrog Ventures, Mohr Davidow Ventures, and two undisclosed investors.

[Corrected to show Nirvanix raised over $25 million, sted $15.2] Nirvanix: $25 million; Intel Capital, Khosla Ventures, Mission Ventures, Valhalla Partners, Windward Ventures.

ecoATM: $17 million; Claremont Creek Ventures, Moore Venture Partners, Tao Venture Partners, and three undisclosed investors.

Obalon Therapeutics: 16.5 million; Domain Associates, InterWest Partners, Okapi Venture Capital, undisclosed investor.

AwarePoint: $14 million; Avalon Ventures, Cardinal Partners, Heritage Group, JAFCO Ventures, Kleiner Perkins Caufield & Byers, New Leaf Venture Partners, Top Tier Capital Partners, Venrock Associates

RT Oncology Services: $11.4 million; Essex Woodlands Health Ventures, Oak Hill Capital Management, undisclosed investor.BioNano Genomics: $10 million; Battelle Ventures, Domain Associates, undisclosed investor.

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Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.