|
SAN DIEGO—Increases in venture-capital funding in Q1, but decreases year-over-year, show that companies are having more success raising capital in San Diego, but are still struggling to raise capital for certain areas of VC investment, CBRE's first VP Andrew Huggett tells GlobeSt.com.
CBRE recently reported that total VC investment in San Diego firms was $248 million in Q1 2017, up 22% from Q4 2016, but down 52% from Q1 2016, according to data from the PwC/CB Insights MoneyTree Report and Mattermark. Deal volume was 33, which is considerably lower than the quarterly average of 50 deals.
For San Diego, this was a slower quarter compared to very strong investment from 2014 to 2016, when the quarterly average was $400 million. San Diego appears to be similar to the nationwide trend: VC investment for the US was higher from last quarter, but still much lower than the peaks seen in 2015.
We spoke with Huggett about the reasons for the apparent disparity in the numbers and what the future looks like for VC investment in San Diego.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
