THE LOCAL BUZZ
Your one-stop newsletter on all things tech in San Diego.
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Happy New Year! Remember where we were a year ago? I don’t either. What I do know is that the tech community largely persevered in 2020, while many small businesses struggled. What I’m most proud of is how our ecosystem leaned in to help those who are struggling. Whether it’s to provide resources, donate to help furloughed workers, distribute food with the San Diego Food Bank, check in on a friend, buy from a local store or restaurant, thank you. We’re going to need a lot more of this to get through 2021 too. Don’t let up.
Now some more good news for our tech ecosystem. From helping small businesses digitize to pivoting with the times, San Diego startups brought in over $5 billion in investment capital in 2020. This is a record breaking year by far, including significant funds raised by our software/tech companies. With the public markets doing well despite uncertainty, expect to see some actual IPOs, SPACs, and direct listings of our local companies too, including recent Petco, Nuvve, and Flux Power.
Here’s to our strength, fortitude, and prosperity in 2021. Let’s help each other out by making sure we all succeed! 💪🏻
Cheers,
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Felena Hanson is the Founder of Hera Hub, a spa-inspired, shared work space and business accelerator centered around female entrepreneurs.
Thanks to our partners at Cox Business for enabling us to tell these stories of inspiring leaders.
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FAST FIVE
Some highlights from this past week in San Diego tech.
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Former Qualcomm executives file new $250M SPAC
New report measuring San Diego’s Artificial Intelligence (AI) impact on local economy
Microsoft jobs report finds technology-oriented jobs will jump from 41 million to 190 million by 2025 |
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Singlera Genomics, $150M with CICC and Furong
Neomorph, $109M with Deerfield Management
RayzeBio, $105M with Venrock
ClickUp, $100M with Georgian Partners and Craft Ventures
Locanabio, $100M with Vida Ventures, GV, Ra Capital, SVB Leerink
Reneo Pharma, $95M with Novo, Abingworth, NEA, Rivervest, Pappas Capital
Denova, $46M with CICC and Yingke PE
Carlsmed, $10M with USVP, Cove Fund, Vertical Group, Wavemaker360
XILO, $2M with New Stack Ventures
Let’s Dive, $1.7M with Sequoia Capital India, Surge, Village Global
DealBox, $1.5M with undisclosed |
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Lympo acquired by Animoca Brands for $1.4M
Leading Biosciences acquired by Palisade Bio
Eagle Cap Software acquired by eTT Aviation |
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Kinnate Bipharma - Raised $276M in IPO
Petco - Filed to go public |
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Prospector Capital SPAC by Steve Altman and Derek Aberle for $250M
BCTG SPAC by Boxer Capital for $125M
Section32 invested in Octave Biosciences Series B
Tony Hawk invested in Public.com Series C
Qualcomm Ventures invested in Uhnder Series C
HCAP has exited its investment in Mission Health
Hinge Capital invested in twine Seed Round
Correlation Ventures invested in CodeSignal Series B
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During the current shift in the world of work, many San Diego companies are still hiring. This live job board by SD Life Changing, StartupSD, and Connect shows open roles. Companies can add their roles if they are hiring, too.
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Client Success Specialist, Uber
Customer Support Specialist, Eaze
User Experience Researcher, Hero
Business and Corp Dev Director, GoPro
Revenue Operations Manager, Affirm
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UPCOMING *VIRTUAL* EVENTS
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Enjoy these events from the comfort and safety of your own home. |
UCSD Extension Essentials of Entrepreneurship Course Use discount code EOESAVE50, enrollment accepted until January 6
AFWERX Applications Open for SBIR and STTR from January 14 to February 18
Black New Ventures Pitch Competition Virtual pitch competition, taking applications until January 16
Learn about SBIRs and STTR Grant funding event by UCSD, January 26
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