Venture capital bounce in second quarter

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Author: Mike Vogel
Publisher: Florida Trend
Date: October 2, 2013

Florida venture capital industry boosters took heart from second-quarter numbers.

According to the MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association, Florida companies attracted $156 million in the quarter, the best three-month investment tally since the third quarter of 2007, before the recession. The investments also went a long way toward improving on an anemic 2012, when only $199 million came into the state, Florida’s worst annual showing since at least 1995. The quarter tally also put Florida in the top 10 states for venture investment.

The gap, though, between No. 1 California, with $3.3 billion in the quarter, and No. 8 Florida remains an abyss. The state also remains a long way from the dot-com days, when $982 million flowed in the first quarter of 2000 alone. Read more here.