59.7 F
Laguna Hills
Wednesday, May 29, 2024
-Advertisement-

OC Deals Hit $500M in Q4

Orange County entrepreneurs received more than $529 million in venture capital spread across 12 deals in the fourth quarter, said Dow Jones VentureSource.

The amount equals about 48% of all VC investments locally for the year, which totaled $1.1 billion.

Five healthcare deals in the quarter received about $340 million—about two-thirds of the total raised—with two biopharmaceuticals deals getting $287 million. The sector received some $547 million in venture capital backing for the full year—half the total raised.

Technology companies received $130 million for the quarter and $209 million for the year.

The remaining funds for the quarter were split among consumer services and business services.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-