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*UPDATE: VC Funding in OC in Q1 Down Considerably

VC funding in Q1 in OC decreased 47% from Q4 2018. The $183 million invested was the second lowest amount in the past 12 quarters, according to
data and insights shared by EY.

The $105 million Series E raise by Acorns, a fintech company, accounted for more than 50% of the dollars invested.

“Long-awaited liquidity events in 2019 for many unicorns will result in available capital for venture capitalists, private equity and corporations to re-invest,” Tim Rahall, partner at EY’s OC office told OC Startups Now. “Innovative Orange County companies are poised to capitalize on these investment dollars in 2019 and beyond.”

Tim Rahall, partner, EY,
About The Author

Deirdre Newman is a long-time journalist, who's covered OC startups for a few years.

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