Maybe it’s Obamacare which is making the VC industry think innovation is the alternative. Maybe it’s fear. Who knows? Either way, South Florida companies reeled in the lion’s share of the state’s venture capital financing in the first quarter, and most of the investments were in healthcare-related companies.
Venture capitalists invested $89.7 million in Florida-based companies, and $70.9 million of that fueled companies based in Miami-Dade, Broward and Palm Beach counties, according to the MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital Association released Friday.
The biggest financing rounds went to YellowPepper of Miami, a fast-growing mobile banking and payment network for Latin America that raised $19 million, OrthoSensor of Dania Beach, a maker of smart orthopedic devices, also with $19 million, and Pure Life Renal of Hollywood, a dialysis company that raised $10.5 million, according to the report.
Read Nancy Dahlberg’s Miami Herald article here:
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