Orange County entrepreneurs received more than $529 million in venture capital in 12 deals in the fourth quarter, said Dow Jones VentureSource.
That equals about 48% of the $1.1 billion in local VC investments for the year.
Five healthcare deals in the quarter accounted for about $340 million—about two-thirds of the total raised—with two drug development technology deals getting $287 million. The healthcare sector got some $547 million in venture capital backing for the full year—half the total raised.
Technology companies received $130 million in the quarter and $209 million for the year.
The remaining funds for the quarter were split among consumer services and business services.
—Michael de los Reyes
