With the increase in venture, Baum added he has already seen big names move into the market in the past few years.

“People moved here, money moved here,” said Baum, pointing out the state has the third-highest number of accredited investors behind only California and New York.īaum also points out that many see Florida as a natural entry point to the growing Latin American market, also making it an attractive location. While the Florida startup scene has been bolstered by the lack of state income tax and a host of successful exits including KnowBe4, ConnectWise and Reef in recent years, it also is likely the state received the biggest boost from COVID migration.ĭuring the pandemic, Florida remained much more open than parts of California and New York. Industries including crypto, space, gaming and cybersecurity have started to thrive in the state. “Even us, as Florida’s biggest cheerleaders, we could not imagine what has happened,” said Saxon Baum, partner at Florida Funders, an investment firm that focuses on Florida and the Southeast and has 96 portfolio companies.įlorida saw several large funding rounds last year into the likes of Fanatics, Citadel Securities and Yuga Labs. In 2020, Florida startups only took in $3.4 billion in 470 deals. Last year, that venture number jumped 25% to $9.7 billion in 601 deals. In 2021, investors spent $7.8 billion on Florida-based startups over the course of 652 deals, according to Crunchbase. The Sunshine State saw the biggest percentage increase of any state in venture capital investment between 2021 and last year. No state was able to take advantage of those trends more than Florida. Ĭase said while there has been steady progress in making the geographical dispersal of venture capital more diverse, the COVID pandemic and the movement of talent has likely accelerated that trend.Īlong with that, new government initiatives around sectors such as semiconductors and infrastructure and certain areas having an advantage in specific sectors tech has moved into - such as health care and foodtech - also have helped level the playing field. Texas venture funding numbers remained even with 2021 levels to the state after seeing a significant increase in 2021 - still impressive since most areas saw a decline last year. While the big three saw big declines in venture investment between 20 - although still more than they saw in 2020 - states such as Florida and North Carolina saw substantial gains. We welcome companies seeking strategic assistance to grow and assist in their success. Contact The DiFalco Group today at +1 (305) 569-9600 or We are ready to review your business.“A lot of these areas laid the groundwork years ago and are seeing the payoff,” he said. This enables us to focus on two continents' markets and find companies we believe and invest in from both North and Latin America. With offices in Miami, FL New York City, NY Brazil and Argentina, we are able to successfully find and manage cross-border investments. With our team’s experience and expertise, we have successfully invested and established partnership in various industries and market segments throughout the United States and Latin America. Our experienced and committed team is dedicated to providing the appropriate solution to interested companies in crucial markets. With our experience and your vision, we work together to help your company prosper. Once we have established a partnership with you, we help in your development by providing key financial advice and help in major company decisions. With our in-depth investment research process, we determine which companies are best suited to our particular fields of expertise, establish strategic partnerships with the help of our team and capital, and tailor each investment and partnership to best fit each investment. We are eager to find, motivate, and invest in companies that are committed to long-term success, profitable returns, and continual growth. We understand and analyze the opportunity and risks of business ventures and the necessary capital required to grow and perform. We are flexible in our capital deployment and tailor each investment to best augment each portfolio company and establish a true partnership for growth - be it through venture capital, strategic partnerships, direct investment, debt financing, or other traditional private equity avenues.

This is why we provide strategic investment solutions to qualified companies throughout the U.S. At The DiFalco Group, we believe in investing in companies with long-term growth potential to succeed.

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