January 5, 2020
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Welcome to The Local Buzz, your inside scoop on San Diego’s tech scene. Keep up to date on our Fresh Brewed Tech website.
Happy New Year! Remember where we were a year ago? I don’t either. What I do know is that the tech community largely persevered in 2020, while many small businesses struggled. What I’m most proud of is how our ecosystem leaned in to help those who are struggling. Whether it’s to provide resources, donate to help furloughed workers, distribute food with the San Diego Food Bank, check in on a friend, buy from a local store or restaurant, thank you. We’re going to need a lot more of this to get through 2021 too. Don’t let up.

Now some more good news for our tech ecosystem. From helping small businesses digitize to pivoting with the times, San Diego startups brought in over $5 billion in investment capital in 2020. This is a record breaking year by far, including significant funds raised by our software/tech companies. With the public markets doing well despite uncertainty, expect to see some actual IPOs, SPACs, and direct listings of our local companies too, including recent Petco, Nuvve, and Flux Power.

Here’s to our strength, fortitude, and prosperity in 2021. Let’s help each other out by making sure we all succeed! 💪🏻


Follow @FreshBrewedTech on Twitter for daily SD tech news.

Felena Hanson is the Founder of Hera Hub, a spa-inspired, shared work space and business accelerator centered around female entrepreneurs.

Thanks to our partners at Cox Business for enabling us to tell these stories of inspiring leaders.

Some highlights from this past week in San Diego tech.
Local investors see 47x return from Companion Medical acquisition

Former Qualcomm executives file new $250M SPAC

New report measuring San Diego’s Artificial Intelligence (AI) impact on local economy

Carlsmed receives 510(k) from FDA

Microsoft jobs report finds technology-oriented jobs will jump from 41 million to 190 million by 2025
Singlera Genomics, $150M with CICC and Furong

Neomorph, $109M with Deerfield Management

RayzeBio, $105M with Venrock

ClickUp, $100M with Georgian Partners and Craft Ventures

Locanabio, $100M with Vida Ventures, GV, Ra Capital, SVB Leerink

Reneo Pharma, $95M with Novo, Abingworth, NEA, Rivervest, Pappas Capital

Denova, $46M with CICC and Yingke PE

Carlsmed, $10M with USVP, Cove Fund, Vertical Group, Wavemaker360

XILO, $2M with New Stack Ventures

Let’s Dive, $1.7M with Sequoia Capital India, Surge, Village Global

DealBox, $1.5M with undisclosed
BigBear acquired by NuWave

CellBounce acquired by ADT Security

Lympo acquired by Animoca Brands for $1.4M

Leading Biosciences acquired by Palisade Bio

NantKwest and ImmunityBio merging

Eagle Cap Software acquired by eTT Aviation
Kinnate Bipharma - Raised $276M in IPO

BioAtla - Raised $189M in IPO

Petco - Filed to go public
Prospector Capital SPAC by Steve Altman and Derek Aberle for $250M

BCTG SPAC by Boxer Capital for $125M

Section32 invested in Octave Biosciences Series B

Tony Hawk invested in Public.com Series C

Qualcomm Ventures invested in Uhnder Series C

HCAP has exited its investment in Mission Health

Dylan Whitman invested in Grin Series A

Hinge Capital invested in twine Seed Round

Correlation Ventures invested in CodeSignal Series B

Qualcomm invested in Yunyinggu Series D
During the current shift in the world of work, many San Diego companies are still hiring. This live job board by SD Life Changing, StartupSD, and Connect shows open roles. Companies can add their roles if they are hiring, too.
Client Success Specialist, Uber

Gameplay Engineer, ZeniMax Media

Community Manager, GoFundMe

Customer Support Specialist, Eaze

Software Engineer, TruMed Systems

Chief of Staff, Illumina

User Experience Researcher, Hero

Business and Corp Dev Director, GoPro

Sr. Designer, WB Games

Revenue Operations Manager, Affirm
Enjoy these events from the comfort and safety of your own home.
UCSD Extension Essentials of Entrepreneurship Course Use discount code EOESAVE50, enrollment accepted until January 6

AFWERX Applications Open for SBIR and STTR from January 14 to February 18

Black New Ventures Pitch Competition Virtual pitch competition, taking applications until January 16

Learn about SBIRs and STTR Grant funding event by UCSD, January 26

Ad Astra Ventures Get To Even Founder Bootcamp 4 day program, February 24-26 & Mar 1-2
A fresh start...
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Feel free to tell us about it: techos@freshbrewedtech.com