Investments in San Diego County startups decreased by 35% in the second quarter compared to a year ago, marking it the third consecutive quarterly drop.

Venture capitalists invested about $755 million in the three months ended June 30, according to a report by PitchBook, an industry research firm, and the National Venture Capital Association.

The county saw 58 venture capital deals inked, compared to 68 in the same quarter last year. The second quarter and fourth quarter last year had the same deal count — the lowest since 2018.

“San Diego was not alone,” said Mike Krenn, managing director for Prebys Ventures. “It was a tough quarter across the country.”

The metro areas of Chicago, San Jose, New York and Boston — which are also all major tech and biotech hubs — saw funding dollars fall

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