Venture Capital Champ
Oct/Nov 07
"California is the place for companies dependent on venture capital funding," says Thomas Loo, co-managing shareholder in the Los Angeles office of Greenberg Traurig. "VCs tend to make investments close to home so it's not too difficult to manage them. It's not a coincidence, for example, that a lot of Silicon Valley VCs make investments in companies located there. We have a wealth of capital in California."
Ernst & Young and Dow Jones reported a notable trend: continued diversification in life sciences investments, particularly with medical devices, which saw investments skyrocket to $1 billion in 75 deals. Information technology is also an investment darling. Since California holds the life sciences crown stateside and has built a reputation for hosting innovative technology companies, the report is good news for both established and fledgling companies there.
"For more than two years, we've seen steady growth in the amount of venture capital invested and the promising liquidity markets - on the public exchanges for technology companies and primarily in mergers and acquisitions for healthcare companies - look to be driving investor optimism," says Jessica Canning, director of Global Research at VentureOne. "Healthcare continues to attract nearly one-third of all venture capital dollars, and medical device companies, interestingly, are converging with biopharmaceuticals as a major draw for investors."
Project Announcements
Reyes Coca-Cola Bottling Expands Rancho Cucamonga, California, Operations
09/08/2023
Trader Joe's Establishes Palmdale, California, Operations-Distribution Complex
07/14/2023
Bosch Establishes Roseville, California, Operations
04/28/2023
Solidigm Plans Rancho Cordova, California, Global Research-Development Complex
10/05/2022
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
Manufacturing Momentum Is Building
Q1 2024
-
Technology’s Influence on Workforce Development
Workforce Q4 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Industry in the Era of the Electron
Q1 2024