Orange County tech and life science companies raise $1.5 billion in 2018
Innovation in Orange County was strong in 2018 fueled by tech and life science firms raising a total of $1.5 billion.
February 25, 2019
- Innovation in Orange County was strong in 2018 fueled by tech and life science firms raising a total of $1.5 billion. Tech companies raised $915.7 million while life sciences accounted for $621.4 million.
- Significant investment rounds include NextGen Healthcare ($300 million), UST Global ($250 million), Rocket Lab ($140 million), and Cylance ($120 million).
- Orange County’s central location in Southern California enables companies to recruit highly talented and educated employees from Los Angeles and San Diego in addition to Orange County.
- Growth in Orange County’s tech and life science industries is also impacting the local office market. Looking at 2018 new and expansion leases 25,000 square feet and greater, there was 1.7 million square feet of leasing activity, half of which involved tech and life science companies.
Source: JLL Research, Crunchbase