Florida remains middle-of-the-pack player in venture capital

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When it comes to raising venture capital, Florida remains far behind California and Massachusetts, two states Florida expressly targeted when it invested more than $1 billion in public money to lure biotech labs.

According to Pricewaterhousecoopers’ MoneyTree report, Florida companies landed $157 million in venture capital in the first quarter of 2017. That ranks 11th among the 35 states that brought in more than $5 million in VC for the quarter.

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