SOUTH FLORIDA VC FUNDING STARTS THE YEAR SLUGGISHLY, REPORTS SHOW

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    South Florida’s biggest institutional venture deal in technology was snagged by an innovative  Plantation-based company – but this time it wasn’t Magic Leap.

    CarePredict, which uses AI-driven technologies to advance senior care, led the South Florida region in institutional venture capital in the first quarter with its previously reported $9.5 million funding raise, according to a venture report released today. The financing was led by Miami’s Secocha Ventures, Las Olas Venture Capital in Fort Lauderdale, and Startup Health Ventures.

    South Florida companies raised $17 million in the first quarter, down from $25 million raised in Q1 of 2018, according to Moneytree’s report by PricewaterhouseCoopers and CB Insights. Statewide, $107 million went into Florida startups across 20 deals, led by a $30 million raise by Finxact of Jacksonville. MoneyTree Report results will be available on www.pwcmoneytree.com.