Congratulations to “La La Land”—er, “Moonlight”—for taking home the Oscar for Best Picture over the weekend. The movie was filmed in Miami, leading us to wonder about the venture capital landscape in the Sunshine State.
Since the beginning of 2013, 339 investors have participated in at least one of 308 VC deals completed in Florida, according to the PitchBook Platform. Total capital invested held steady over 2013 and 2014, with close to $830 million deployed each year. The amount dropped down to $633.5 million in 2015 before surging to a high of $1.23 billion the next year, although $793.5 million of that can be attributed to investment in AR startup Magic Leap. Companies in the software industry received the bulk of VC investment, with about 37% of the deal count, followed by healthcare devices & supplies (8.8%) and commercial services (7.8%).
Here are the seven venture investors most active in Florida since the start of 2013, along with investment counts (not including accelerator rounds):
When Baupost, the $30 billion Boston-based hedge fund now managed by Seth Klarman, was founded in 1982, it was launched with a core set of aims. Q4 2021 hedge fund letters, conferences and more Established by Harvard professor William Poorvu and a group of four other founding families, including Klarman, the group aimed to compound Read More
1. Florida Angel Nexus (16)
T-2. Westlake Ventures (9)
T-2. Krillion Ventures (9)
T-4. venVelo (8)
T-4. New World Angels (8)
T-4. 500 Startups (8)
7. Florida Funders (7)
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Article by PitchBook