Quarterly high-tech venture capital investment volume grew 2.3 percent in Orange County from 12 months ago while increasing 229.1 percent from the first quarter of 2016. The software industry continues to attract the highest funding volume with a year to-date total of $229.6 million. Of the total Q2 funding in Orange County, $160.0 million (based on three investments) was invested in companies in the expansion stage, $45.4 million (10 investments) was placed in firms that are in the early stage round of funding and $24.0 million (two investments) was devoted to companies in the later stage round. As more investors focus on bringing their startups to profitability by controlling spending, expect them to use longer due diligence periods.
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