Startups in Orange County landed $1 billion in venture capital in 2015, according to a recently published article in the Orange County Register, the highest since the dot-com bust in 2000. Software and medical device companies collected the lion’s share of the funds, with venture firms favoring larger deals to fewer companies according to a MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association using data from Thomson Reuters.
Of special note is that Irvine led the VC investment across the county with 63 percent — nearly $636 million — with the PwC data showing that the “City of Innovation” collected seven of the top 10 largest deals. Of significant note is Google Capital’s $100 million investment in Irvine-based cybersecurity technology company CrowdStrike last July, which was one of the largest to go on record in the past 20 years. Venture capital is up 85 percent since 2010 in Irvine, according to PwC, positioning Irvine as the “ideal spot,” according to CrowdStrike co-founder and Chief Executive George Kurtz, to lure talent from neighboring counties.