Coming off a record year in 2021, local startup investment declined by nearly 50 percent to $4.85 billion, according to the latest Venture Monitor data
Investors more cautious amid a volatile stock market roiled by inflation and Russia’s invasion of Ukraine, as well as a steep decline in startups going public nationwide.
Biotech and medical device companies usually dominate venture capital funding in the region. But in the last quarter, software, defense tech, sensing as a service and fleet safety firms led the way.
Money spigot remains open for San Diego startups as venture funding tops $2 billion sandiegouniontribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegouniontribune.com Daily Mail and Mail on Sunday newspapers.