A notable player in the local startup community is looking to grow exponentially in the next two years, soliciting $200 million from venture capitalists to fund a growing portfolio of companies.
In an exclusive interview with the South Florida Business Journal, Germán Montoya, chief strategy officer and co-founder of Miami Beach-based Rokk3r Labs, said his company is looking to create an internal basket of funds with that money. Montoya said the firm will then use the capital in startups that leverage so-called “exponential technologies” to solve large-scale problems.
Securing $200 million is a mammoth task in South Florida’s forward tech ecosystem. Rokk3r Labs itself has only raised $6 million in two rounds since it was founded in early 2012. According to the MoneyTree Report from global accounting firm PricewaterhouseCoopers, which tracks venture capital investment across the United States, all of South Florida received some $239 million in VC investment during the first six months of 2015.