San Diego Q1 VC Activity Surpass $1 Billion, Biotech Dominates with IPOs and Acquisitions

Learn which San Diego companies received venture capital investments in Q1 2024.

On March 11th, The Los Angeles Clippers’ minor-league affiliate, the G League’s Clippers, announced it will rebrand and move into an $80 million-dollar Oceanside’s Frontwave Arena starting next year.

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San Diego had a strong quarter with nearly $1 billion invested in the first quarter of 2024, with investments spreading across life sciences, software and consumer sectors.

The region saw fewer deals in Q1 compared to the years prior, and remained difficult for early-stage startups seeking to raise venture capital funding.

We’ve compiled the top five companies that raised funding this quarter for each industry, notable mergers-and-acquisitions and the largest initial public offerings that took place so far.