IN THE SUNSHINE STATE, VENTURE CAPITAL SHINES BRIGHTEST IN SOUTH FLORIDA (THANKS AGAIN, MAGIC LEAP)

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    Magic Leap released its first product in 2018, but it also sprinkled plenty of magic dust on South Florida’s venture capital numbers in 2018, according to a pair of venture capital reports this week.

    South Florida startups led the state by a high margin in VC, luring three quarters of the venture capital flowing to companies in the state in 2018, according to Pitchbook’s venture capital report released today. In all, South Florida companies lured in $1.38 billion in 2018, helped greatly by Magic Leap’s first quarter investment of $461 million from Saudi investors. Statewide, the total was $1.73 billion.