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CBRE
Brief
 | 
Intelligent Investment
SF Bay Area Venture Capital Funding
Predominantly Tech in San Francisco and Life Sciences in San Mateo
CBRE RESEARCH
 | 
March 23, 2022
Source: CB Insights, CBRE Research, March 2022.

U.S. venture capital funding hit record levels in 2021, reaching $276 billion according to CBRE Research analysis of CB Insights data. The San Francisco Bay Area accounted for 38% or $103 billion of the nation's funding—a significantly higher share than other major metros, including New York (17%), Boston (11%) and Los Angeles (6%).

Companies based in the City of San Francisco received over half of the Bay Area’s venture capital funding in 2021. San Francisco's funding levels increased from $20 billion in 2020 to $52 billion in 2021. Silicon Valley (Santa Clara County) had 554 venture capital deals that totaled $23 billion in 2021 for an average placement of $41 million, $2 million higher than San Francisco’s average.

By industry sector, tech companies had the highest funding level in the Bay Area, accounting for 89% of total 2021 funding. Tech companies received 97% of the $52 billion funded in San Francisco and 92% of the $23 billion funded in Silicon Valley. The life sciences industry had total funding of $9 billion across the Bay Area in 2021, 14% higher than in 2020 and 61% higher than in 2019. Over 60% of the Bay Area’s life sciences funding was placed in companies headquartered in San Mateo County.

For more information, please contact:
Colin Yasukochi
Executive Director
CBRE Tech Insights Center
colin.yasukochi@cbre.com

Sarah Bonnarens
Associate Director
CBRE Research
sarah.bonnarens@cbre.com
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