PwC/CB Insights MoneyTree™ Report ranked SOSV as the most active VC in the US for Q2 2020.
SOSV invests in over 100 startups a year via its accelerator programs in hardware (HAX), life sciences (IndieBio), food (Food-X) and cross-border software (Chinaccelerator and MOX). SOSV keeps funding its best startups at later stages out of the $277M oversubscribed fund it closed recently.
“The current pandemic is the toughest global challenge in the past 50 years. I believe that those who can do something, must do something. We’ve been even more active then normal in the past 6 months because, as the world’s most active investor in both life sciences and hardware, we’ve got over 40 startups fighting against COVID. Help is on the way.” — Sean O’Sullivan, Managing Partner, SOSV
Quarterly US funding declined 13% YoY to $27bn and deal activity declined 18% YoY to 1,374 transactions amid the pandemic.