This Week in San Diego Tech - June 20, 2025

20 Jun 2025 · 37 min
36:42

A conversational episode of the weekly YouTube podcast "This Week in San Diego Tech" (June 20, 2025) hosted by Neal Bloom with Fred Greer. The hosts recap San Diego ecosystem activity: curated medtech and AI events, a new LP/GP capital mixer, and coverage of BIO 2025 in Boston. They discuss local startup activity (slower funding in Q1 per Union-Tribune/Carta but continued deal flow and Q2 pickup), several fundraises and exits (Retrorate raising ~ $2.2M in early June; Seaside Equity Partners closing two funds totaling $723M, bringing AUM to ~$1.35B; Cadre AI exiting stealth; Nvidia's acquisition of Gretel for ~ $300M+; Qualcomm acquiring Alpha Wave Semi for $2.4B), and community-focused programs (founders hikes, SD Tech founder series revival, Brant Cooper Leadership Fund). The tone is community-building, upbeat and pragmatic about capital constraints and sectoral strengths (hardware/medtech/defense/AI).

Questions this video answers

Press release dropped June 9, 2025; raised about $2.2 million (reported as ~$2+ million).

Raised $723 million across two new funds (a $550M fund and a $155M fund); reported assets under management ~$1.35 billion.

Qualcomm acquired Alpha Wave Semi for $2.4 billion (as reported in the episode).

Gretel (referred to as 'Grettle' in the conversation) was acquired by Nvidia for over $300 million (reported as ~ $300M+).

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