Home BloomBites Bloombites: $1.57B in 2022 Private Company Funding in OC!

Bloombites: $1.57B in 2022 Private Company Funding in OC!

by Neal Bloom

At almost 6 months into 2022, it’s a good time to check how the startup and tech ecosystem is tracking.

Now remember 2021 was a high water mark for venture capital and IPOs, so looking at 2-3 year averages, we can see howwe’re doing in OC.

I see $1.57 billion in 2022 private company funding so far. This is really strong compared to all of 2021 being $2.3 billion and 2020 total funding for the year at $1.8 billion. 

It does help having a few huge funding rounds like fintech late stage Acorns raising $300 million or MEMS/microchip tech Menlo Micro’s $150 million, or aerial transportation startup Overair’s $145 million, or ocular drug development Cloudbreak Therapeutics $130 million. These are the four largest rounds so far in 2022 and they also represent four strong industry clusters in OC: fintech, transportation tech, chipmakers, biotech/life sciences.

This is a really good sign given the macro trends that are said to be funding less.

What are you seeing in your funding environment?

Keep it up Orange County!

Cheers!

Neal

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Stay up to date on the latest insights into Orange County's tech community! Highlighting local leaders, connecting the great community and being your "one-stop" for all things technology.