*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.”