V.C. Activity Tops $6 Billion in 2024
A round-up of San Diego's top venture capital deals and investments in 2024
Business San Diego delivers in-depth profiles of founders and insights on San Diego's most successful companies, executives, and technologies. Subscribe to make sure you don’t miss the next story.
SAN DIEGO — More than $6.5 billion in venture capital dollars went to local companies in the last twelve months, surpassing the total from 2023 which saw roughly $4 billion at this same time last year.
Unicorn apparel startup Vuori Clothing raised the largest funding round this year, pulling in $825 million.
San Diego had dozens of life science companies raise mega-rounds in venture capital, furthering the region’s reputation as a top biotech hub.
Mirador Therapeutics and Candid Therapeutics, led the way after raising $400 million and $370 million, respectively.
San Diego saw 161 deals in 2024, with twenty companies raising $100 million-plus or more, according to data provided by Connect’s Venture Capital Funding Tracker.
This is one of the larger venture capital fundings on record for San Diego, though funding opportunities for early-stage startups remain difficult.
Top 9 Technology Companies in 2024
Splitero a fintech that offers homeowners options to access equity, raised $300M.
Platform Science a tech startup modernizing the trucking sector raised $125M.
Cortica a healthtech startup providing comprehensive autism care raised $81M.
Lore Health a social networking platform promoting healthy habits raised $80M.
Allez Health a startup helping patients to monitor diabetes raised $60M.
Kandji an Apple device management company and IT company raised $50M.
RedoxBlox a thermochemical energy storage technology company raised $40M.
Brain Corp. an AI-based robotics automation software company raised $32M.
Turquoise Health, a healthtech startup helping patients save money raised $30M.
Top 9 Life Science Companies in 2024
Mirador Therapeutics a biotech focused on immunology raised $400M.
Candid Therapeutics a biotech focused on autoimmune disease raised $370M.
Element Biosciences a biotech developing sequencing platforms raised $277M.
Capstan Therapeutics a biotech focused on RNA therapies raised $175M.
Engrail Therapeutics a biotech focused on neuroscience raised $157M.
Avenzo Therapeutics a biotech focused on oncology therapies raised $150M.
Endeavor Bio a biotech focused on life-threatening diseases raised $132M.
Alterome Therapeutics a biotech focused on eliminating cancer raised $132M.
Rakuten Medical a global biotech firm focused on cancer raised $119M.
Top 9 Consumer / Sports Companies in 2024
Vuori Clothing a performance and activewear brand raised $825M.
Athletic Brewing Company a non-alcoholic beer company raised $50M.
San Diego Wave FC a women's soccer team based in San Diego raised $35M.
M2 Ingredients a producer of whole food mushroom powders raised $25M.
Cloud Water Filter tech startup building water filtration products raised $7M.
Cabana Pools (Splash Ventures): a national pool service brand raised $4.5 million.
Ashland Hard Seltzer canned seltzer brand with natural ingredients raised $3M.
Light Helmets a consumer startup making safter sports gear raised $2M.
Hume Supernatural: a plant-based deodorant company raised $1.6 million.
Top 5 Initial Public Offerings in 2024
Avidity Biosciences a firm developing RNA therapeutics raised $400M.
Artiva Biotherapeutics developing NK cell therapies raised $167M.
Rapport Therapeutics a firm focused on CNS disorders raised $174M.
Boundless Bio a biotech focused on precision oncology raised $100M.
Continuum Therapeutics a biotech focused on immunology raised $110M.