SOUTH FLORIDA’S 2019 WAS A RECORD-BUSTER FOR VC. WHO RAISED IN Q4?

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    For the first year ever, the Miami-Fort Lauderdale metro area is in the big leagues of venture capital, ranking in the top 10 in the country, according to a venture capital report released Tuesday.

    The new record is primarily driven by mega-deals: South Florida unicorns Reef Technology, with an estimated $900 million raise from SoftBank and partners completed in March, and spatial computing company Magic Leap, with two rounds totaling $780 million in the second half of the year. Those two companies alone accounted for 71% of South Florida’s 2019  total.