Snapshots

San Diego: Another banner year for life sciences investment funding

Fourth quarter life sciences investment totaled $708 million, which includes venture series, IPO equity, corporate rounds, and grants.

March 05, 2019
  • Fourth quarter life sciences investment totaled $708 million, which includes venture series, IPO equity, corporate rounds, and grants. However Q4 activity decreased by 44.2 percent compared to Q3 2018 at a record quarter amount of $1.27 billion, while the second half total of 2018 was 93.6 percent higher than first half. Biotechnology firms have dominated investment activity so far this year in the life sciences sector, attracting 65 percent of total funding.
  • Since 2015 the San Diego market has a total of nearly $5.5 billion of investment funds pouring into the life sciences industries, averaging about $33 million per funding round according to Crunchbase. The correlation between venture capital to IPO equity is quite apparent that it is fueling leasing activity within the San Diego life sciences cluster. Besides the mature submarkets of Torrey Pines, Sorrento Mesa/Valley, and UTC, the other emerging submarket for the life sciences is Del Mar Heights. Del Mar Heights totaled about $1 billion in investment funding since 2015 and displayed over 500,000 square feet of leasing activity.

Source: JLL Research, Crunchbase, Esri

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