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Venture capital booms in the OC (at least this week)

April 7th, 2009 by Benjamin Kuo

Orange County is seeing a sudden boom in venture fundings this week, as five companies have announced funding rounds in the county. Aliso Viejo-based Cianna Medical said today it raised $10M for its early breast cancer treatment  efforts;  Irvine-based WiSpry has pulled in another $10M; Fisker Automotive, the plug-in hybrid vehicle maker has raised a huge $85M round; Bikestation said it scored some funding from the Tech Coast Angels, and Irvine’s Socialcast has raised $1.4M.  Although one of those companies–Socialcast–said it is moving to San Francisco along with the funding (from Bay Area firm True Ventures) — the number of funding would make you think we’re in the middle of a venture capital boom. This comes from a county which–although the home of many big high tech companies–sometimes feels like it has regular, quarterly droughts in venture funding activity.

This entry was posted on Tuesday, April 7th, 2009 at 7:52 am and is filed under Venture Capital. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Venture capital booms in the OC (at least this week)”

  1. Orange County Venture Capital in the Spotlight | OC VC Says:
    April 8th, 2009 at 9:58 am

    [...] thought I’d expand on a post written by Ben Kuo (Venture Capital Booms in the OC) and point out while our county’s start-ups have raised ~$110M in the last week or so, we [...]

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