InternetCoast has crunched the numbers and prepared a 6- and 12-month rolling report on Florida venture capital. According to the report, Florida businesses raised $185 million from venture capitalists in 25 transactions during the first half of 2014, compared to 26 transactions and $189 million 1H 2013. During the twelve months ended June 30, 2014 there were 50 venture capital investment transactions valued at $422 million, compared to 45 transactions and $256 million during the same period in 2013.
The report includes venture capital investments by industry sector, stage of development, and Enterprise Florida region, said Dale Gregory, executive director of InternetCoast, who plans to do these reports after each quarter. The source is the PwC/NVCA MoneyTree™ Report with data provided by Thomson Reuters.
Nationally, 1H 2014 venture capital investments increased 71 percent to $22.7 billion compared to the same period in 2013. During the twelve months ending June 30, 2014 Florida businesses raised $422 million from 50 transactions, a 65 percent increase in dollars raised compared to 2013. Nationally, venture capital investments increased 45 percent during the twelve months ending June 30, 2014.
Florida's "share" of U.S. venture capital investments during the twelve months ending June 30, 2014 was anemic: 1.1 percent compared to 1 percent during the same period in 2013. Florida's share has been in declining for many years, peaking at 3.4 percent in 1997, the report said.
Download the full report here or find it at the InternetCoast "Florida Innovation Highlights" portal at icoast.com.