San Diego startups end 2020 on a high note, raising a record $6.1B in venture capital
Print Fueled by a barrage of big deals late in the year, San Diego startups raised a record $6.1 billion in venture capital in 2020, despite headwinds from the COVID-19 pandemic. The gains came largely from biotechnology/life science companies, which saw a flood of investments related to the pandemic. But there was also solid fundraising from software, autonomous driving, logistics and other technology firms. “I thought after we hit $3.4 billion (in 2019,) if we could replicate that, great,” said Mike Krenn, head of Connect/San Diego Venture Group. “Then COVID hits, and we still crushe...