Key Highlights from the 2024 Report
Statewide Venture Capital Growth
- Florida startups raised $4.13 billion across 588 deals, up from $3.5 billion in 2023, despite a challenging VC climate.
- Florida ranked 5th nationally for deal count and 6th for VC deal value, solidifying its status as a top startup destination.
- Miami-Fort Lauderdale metro led the state, attracting $2.77 billion in funding.
- Sector Breakthroughs Across Florida – South Florida leads in fintech and medtech, Orlando in cybersecurity and aerospace, Tampa in AI and healthtech, and the Space Coast in aerospace and advanced manufacturing.
Miami’s Strength in Venture Capital
The Miami metro area climbed to 16th globally (up seven spots) on Startup Genome’s 2024 ranking of top global startup ecosystems.
South Florida accounted for 67% of the state’s VC dollars and 61% of the deals statewide.
Miami ranked 9th nationwide in deal value and 6th by the number of deals, surpassing key metro areas like Chicago and Denver.
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