VCs Invest $421M in 37 Florida Companies in 2013

According to report released, venture capitalists injected $421 million in 37 Florida companies in 2013, doubling 2012’s total and the best year since 2004.

South Florida companies attracted the lion’s share of that total — $284 million, or more than two-thirds of the total invested in the state.

Statewide, software investments clearly led the pack, with $194 million going into that industry, according to the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association. Half of that total went into a fourth-quarter investment in OpenPeak, a Boca Raton mobile enterprise software company. The $93 million investment was led by Castletop Capital and GMG Capital Partners. Miami-based Open English’s $65 million raise earlier in the year was the second biggest investment in 2013; while CareCloud’s $29.3 million was the third largest.

Life sciences was another strong category for Florida venture capital, with $107 million, or a quarter of the total, heading into that industry, which includes biotechnology and medical device companies.

Source: MiamiHerald


Tags: Venture Capital, Venture Capital firm, Venture Capital group, Venture Capital industry, Venture Capital investment, Venture Capital Investor, Venture Capital fund, VC Funding, VC, Venture Capitalists, VCs, Florida, Florida Companies, South Florida, Software Investment, MoneyTree, PricewaterhouseCoopers, PwC, National Venture Capital Association, OpenPeak, Boca Raton, Mobile Enterprise, Castletop Capital, GMG Capital Partners, Miami, Open English, CareCloud, Life Sciences.

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