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Q2 Venture Funding Totals

Southern California's Q2 Venture totals show that the number of venture investments in the area totaled $482.5M, and include 11 investments in April, 22 investments in May, and 9 investments in the month of June. The most active firms for the last three months were Mission Ventures and Domain Associates, with 4 deals each; followed by Redpoint Ventures, Palomar Ventures, and Menlo Ventures with 3 deals each. Investment deals were driven in a large part by biotech related investments, with the largest deals during the quarter mostly biotechnology related. The three largest deals for the quarter were all biotech deals, and included Somaxon ($65M), Phenomix ($40M), and Cylene ($26.3M). Numbers were derived from socalTECH.com's venture database, and include only venture funding as of announce date. The database includes Southern California venture deals, and is updated on a daily basis to include the latest reported venture funding, information about companies and executives, as well as extensive ways to cross reference information.