Rising Tide Ventures
San Diego Biotechs Outperform Bay Area Returns but Raise Only $804M in Q2 2026 as Investors Chase AI
San Diego biotech companies have delivered stronger dollar-for-dollar returns than Bay Area peers, yet the region saw just $804 million in venture funding in the quarter as investors favor AI deals in San Francisco. Deal count slipped to 62, with the largest local transaction a $171 million round for Radar and several later-stage, strategically backed life-science deals closing.