San Francisco continues to lead — by miles — any other Bay Area city in venture capital investments.
Nearly $2 billion of the $5.9 billion venture capitalists invested in California in the first quarter of 2015 went to San Francisco companies, according to a report on venture capital investing released this week by CB Insights. Put another way, San Francisco companies received more than one-third of the total investments into private companies statewide.
Compare that to Palo Alto, ranked second, which received just $420 million, according to venture capital tracker CB Insights. While San Francisco was home to 125 deals in the first quarter, Palo Alto saw nearly a fifth of that, or 27 deals. Menlo Park took third with 16 deals amounting to $305 million in investments, and VCs gave $268 million to firms in Mountain View.
San Francisco was also the top city in the country for investments in Internet companies, as investors poured $1.5 billion into Web start ups for a total of 69 funding deals. Second was New York, with $1 billion in investments spread across 54 deals.
And San Francisco led the nation with the most investments into mobile companies, which raised $338 million in 36 deals; New York again trailed with $97 million raised in 12 deals.
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