According to a report by eMerge Americas the Miami-Ft. Lauderdale ranked seventh in the country for venture capital investments during the first half of 2019.
By MiamiDiario Newsroom
“This year is shaping up to be another record year for venture investing in South Florida, and we still have a long way to go,” said Felice Gorordo, CEO of eMerge Americas.
eMerge Americas, a platform that fosters innovation and operates as a catalyst to transform Miami into the Tech Center Of The Americas, published its biannual reporteMerge Insights” on trends in startups and venture investing, in association with Florida International University, John S. and James L. Knight Foundation and former Miami Herald business reporter Nancy Dahlberg.
"The emerging companies from all over South Florida attracted $1.54 billion in venture capital funds in just the first half of 2019. This beats all of 2018 combined and puts us in the seventh place in the United States, above cities like Austin, Chicago and Washington DC”
Other highlights of the published report:
Start-ups based in the Miami-Ft. Lauderdale they took three-fourths of the venture capital of the state of Florida with transactions in dollars, and more than half of the total number of transactions.
health tech, life sciences and medical device start-ups, spanned a third of the Transactions in South Florida, indicating a significant increase to 23 percent compared to 2018 for the industry and helping to establish Miami as a center quickly emergent from iinnovation in health.
63 percent of 2019 transactions in South Florida so far are angel investor transactions. Seed capital, about the same rate as last year, but 28 percent higher than nationally.
“We always imagined that Miami would be a hotbed of entrepreneurial activity, and now we have the comparative data to explore just how much this ecosystem has evolved and the transformative impact we are making as a community,” said Melissa Medina, president of eMerge Americas.
In April 2019, eMerge Americas published its first installment of investment reports with a summary and analysis of South Florida venture capital activity for 2018. To download the 2019 eMerge Insights Mid-Year Report, click here. here.
Source: Press release