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San Diego Startups Face 35% Venture Capital Drop

8/16/2025

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Summary

Story summary

San Diego County startups experienced a 35% decline in venture capital investments in Q2, totaling $755 million across 58 deals.
This decline marks the third consecutive quarter, driven by economic uncertainty and tariffs.
Significant investments included RayThera at $110 million and Biolinq at $100 million.
No local companies went public; Bolt Medical was acquired for $443 million.

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Story summary

San Diego County startups experienced a 35% decline in venture capital investments in Q2, totaling $755 million across 58 deals.
This decline marks the third consecutive quarter, driven by economic uncertainty and tariffs.
Significant investments included RayThera at $110 million and Biolinq at $100 million.
No local companies went public; Bolt Medical was acquired for $443 million.