June 23rd, 2022
THE LOCAL BUZZ
Your one-stop newsletter on all things tech in San Diego.

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BLOOMBITES
It’s been another wild year so far globally which has trickled down to the startup and tech world, namely the war in Ukraine, stock market drops, supply chain hold ups, and inflation. But San Diego is still holding up pretty well, especially by measure of private startup investments. 

While 2021 will stand out as a highwater year for investments for years to come (see our 2021 report here), with the first half of 2022 almost complete, we’re seeing $2.77 billion in startup investments so far.

That being said, $1.51 billion of that is solely from 8 companies raising large $100+ million rounds, including Resilience’s $625 million for their contract biotech manufacturing scale up, which brings them to $2 billion raised to date.

While there are still funds being invested, the macroeconomic inputs are definitely causing companies to brace themselves for a potential downturn so you are seeing layoffs globally. But our companies are largely still hiring, so if you know someone who is looking for a new role, let us know how we can help connect them.


Cheers!
ORIGINAL BREW
You Got Funded, Now What?
It’s time to diversify your time/spend and invest in other pieces of the business such as operations, marketing and technology. The steps you take after getting your investment are just as critical as the money you raised. Check out our blog featuring Cox Business with tips for a successful post-funding plan!
TACOS & TECH PODCAST
Growing a business is hard. In the latest episode of Tacos and Tech, Jared Ruth and Tim Ellis of Cox Business talk about helpful hiring tips for the specific stage of your company and the roles you need and don’t need in your team.
JOBS SPOTLIGHT
The talent market is hot, especially for tech talent. Check out our new job board by Fresh Brewed Tech for all the awesome job opportunities in San Diego.
Flock Freight (Encinitas)

Pfizer (La Jolla)

Sensorydata (San Diego)

Thermo Fisher Scientific (San Diego)
UPCOMING EVENTS
San Diego North County, June 22

EO San Diego, June 23

Tech Career Fair, June 24

SD Kidpreneurs, June 25

Fresh Brewed Tech, June 28

Fresh Brewed Tech, July 1
Female Founders Panel, July 6

SDBJ, July 27

Womens Ventures Summit, Virtual every Tuesday in August

UC San Diego, August 15-17

The Green Summit, Sept 17
RECENT FUNDINGS
Resilience, provides end-to-end biopharmaceutical manufacturing and development solutions, $625M Series D

Trovata, data-driven enterprise fintech platform, $27M Series B with FIN Capital

Beauty Bakerie Cosmetics Brand, e-commerce, cosmetics company, 5.1M 

Singlera Genomics, non-invasive genetic testing, CNÂ¥300M Series B

Shield AI, combat drone technology to protect service members and civilians, $90M Series E with Snowpoint Ventures

XENDEE Corporation, develops advanced software for financial & technical optimization and operation of resilient Microgrids and renewable energy systems, $12M Series A with Anzu Partners
ACQUISITIONS
Trutino Biosciences by Boehringer Ingelheim

Vistage International by Gridiron Capital

The Seismic Collaborative by Spectrum Medical Sciences

WaterPORT by Gathr Outdoors

Branded Research by Dynata

MyCase by AffiniPay

Veyo by MTM, Inc.
SD-BASED INVESTORS IN THE NEWS
Accord Capital invests in Virridy

Correlation Ventures invests in Arkestro

Qualcomm Ventures invests in Tabnine

Takeda Ventures invests in Code Biotherapeutics
TACO TO YOU LATER
Happy LGBT Pride Month!
Have a tip or want to share your favorite local taco?
Feel free to tell us about it: techos@freshbrewedtech.com