If you're starting a company, you'll encounter this question sooner or later: Should I raise venture capital (VC) money? In the beginning, maybe even before you ask, it pays to know what the VCs are. So here's how I define San Diego's top 10 VC firms.
Top Venture Capital Firms in San Diego
1. Correlation Ventures
Correlation Ventures is a new breed of venture capital firm, leveraging world-class analytics to offer entrepreneurs and other venture capitalists a dramatically better option when they are seeking additional capital to complete a financing round.
Total fund size: $365M
Correlation Ventures's most notable exits include Casper, Optimizely, and Lever.
2. Domain Associates
Founded in 1985, Domain Associates, L.L.C. is a venture capital firm with an exclusive focus on life sciences. With $2 billion of capital under management, Domain is headquartered in Princeton, NJ with a second office in San Diego, CA.
Domainâ€™s three major investment segments are pharmaceuticals, specialty pharmaceuticals, and medical devices, while additional areas of interest include biomaterials, bioinstrumentation, and diagnostics. The Partners of Domain have a total of close to 200 person-years of experience among them in the healthcare/venture capital industries and have been involved in the formation and growth of more than 200 life-sciences companies. The highly focused network, experience, and reputation of this team have made it one of the top private-equity groups participating in the healthcare field.
Total fund size: $1.2B
Domain Associates's most notable exits include Tandem Diabetes Care, Evofem Biosciences, and Atara Biotherapeutics.
3. Mission Ventures
Mission Ventures is a venture capital firm specializing in seed and early stage investments in emerging markets in software and information technology companies. It also makes growth capital investments. It does not consider investments in healthcare sector. The firm makes investments in communications, enterprise applications, infrastructure, and technology-driven services. It targets investments in entrepreneurial companies located in Southern California.
The company can provide additional funds for follow-on financings and can partner with other venture capital firms. Mission Ventures was founded by Douglas F. Wall in 1996 and is headquartered in San Diego, California.
Total fund size: $12M
Mission Ventures's most notable exits include Alpine Data Labs, LeisureLink, and Verimatrix.
4. Section 32
Section 32, the new venture fund launched by Bill Maris, was named in homage to Section 31, an intelligence agency from the Star Trek universe. Maris, the GV (Google Ventures) founder/former-CEO, has raised $150 million for the project that will focus on various investments.
The fund will be run directly by Maris and primarily based out of San Diego.
Total fund size: $1.1B
Section 32's most notable exits include Coinbase, Cue, and EQRx.
5. Finistere Ventures
Finistere Ventures is an agricultural technology and life sciences venture capital investor. Founded in 2005, the company partners with other entrepreneurs and creative thinkers to build innovative companies that have the potential to transform modern agriculture, increase food security, improve nutrition, and enhance sustainability. Their appliedexperience as operators, and pioneering role in Ag Tech, is actively utilized to benefit its portfolio companies and Partners.
Finistere has global access to the best new technologies from centers of Ag Tech excellence in the U.S., Australia, Israel, New Zealand, and Canada through its venture partner networks. Finistere’s locations in San Diego and Palo Alto, California keeps them connected to the centers of mainstream venture investment and the world’s leading innovation ecosystem.
Total fund size: $247.8M
Finistere Ventures's most notable exits include ShopWell, Transcend Medical, and nContact Surgical.
6. Keshif Ventures
To foster the growth of the San Diego data science ecosystem through investments in early-stage teams focused on building infrastructure or enterprise solutions.
Total fund size: $8M
Keshif Ventures's most notable exits include StemoniX, Eventador.io, and StackIQ.
7. Spark Growth Ventures
Spark Growth Ventures is an early-stage, vertical-agnostic, and technology venture capital firm. The firm was founded in 2018 by Hem Suri and is headquartered in San Diego, California, United States.
8. ClearVision Equity Partners
ClearVision Equity is a San Diego based Venture Capital firm that provides capital and sophisticated resources to accelerate company growth and create long-term business success.
ClearVision Equity is focused on Southern California based companies with investments in both start-ups and small growing companies across all industries except pharmaand biotech. Venture capital investments are between Seed and Series B rounds. ClearVision adds to the competitive edge of its portfolio companies with a broad network of partners (marketing, finance & accounting, HR, legal, etc.), talented employees and executives, experienced advisors, and a network of capital providers.
Total fund size: $19M
ClearVision Equity Partners has had 1 exit, which was SharesPost.
9. BioMed Ventures
BioMed Ventures is the famous VC, which was founded in 2010. The main department of described VC is located in the San Diego. The company was established in North America in United States.
The standard case for the fund is to invest in rounds with 5-6 partakers. Despite the BioMed Ventures, startups are often financed by Valley Ventures, Solstice Capital, Clarus Ventures. The meaningful sponsors for the fund in investment in the same round are New Enterprise Associates, Sofinnova Investments, Solas BioVentures. In the next rounds fund is usually obtained by Solas BioVentures, Sofinnova Investments, Silicon Valley Bank.
Total fund size: $9M
BioMed Ventures's most notable exits include NanoString Technologies, Syndax Pharmaceuticals, and Effector Therapeutics.
10. Radicle Growth
Radicle carefully selects innovative ag and food tech start-ups for investment, ensuring that powerful, disruptive technologies reach their full potential.
We provide a company building platform, a fertile environment for visionaries in the ag space, not just to grow but to flourish. Their proprietary platform is the only one of its kind in the agriculture industry, thus filling a huge void in the market by identifying the most innovative technologies and accelerating them with a range of value-creation initiatives.
Radicle Growth pioneered a concept called The Radicle Challenge to proactively seek out the best and brightest entrepreneurs solving a problem or looking to disrupt an existing business model in the ag and food industries.
Total fund size: $5M