November 15, 2016 Comments Off on OC Cracks Top 10 in VC Funding, Again Views: 455 California News, Orange County, West

OC Cracks Top 10 in VC Funding, Again

In Q3 2016, Orange County recorded $130.61 million in high tech VC funding, making it the 10th highest market in the country, according to research from JLL.

Key findings include:

  • Of the top ten markets, Orange County recorded the third highest average deal size of $14.51 million
  • Funding volume increased 3.8% year-over-year
  • Venture capital activity was led by NextVR ($80 million), Digital Map Products ($36 million) and Cloudvirga ($7.5 million)
  • Software industry raised the most VC funding so far in 2016, with a total of $279.5 million
  • Media/entertainment firms are picking up steam, with a year-to-date total of $97.1 million

“Growth in the local tech sector and VC funding has been a key driver to the post-recession Orange County economy,” says JLL’s Jared Dienstag. “A diversified economy is key to the continued growth of the commercial real estate market, because it brings demand for space from multiple industries. Strong VC funding activity also enables Orange County to better compete with larger tech markets.”

Read more at JLL

Connect With JLL’s Dienstag

For comments, questions or concerns, please contact Dennis Kaiser

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