Venture capital funding stays slow and steady for Tampa Bay area, Florida startups

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The Tampa Bay metro market was home to 14 venture capital deals worth a combined $54.6 million, part of a VC funding effort statewide that backed 63 deals totaling $244.2 million in the first quarter of 2017.

The deals and the funding amounts continue to typify Florida and Tampa Bay’s modest standing in venture capital activity in the country. Led by $8.3 billion in quarterly venture capital funding in California — the VC epicenter of this country and planet — Florida ranked 11th among states in total venture capital funding. And Tampa Bay landed at No. 20 among major metro areas based on VC funding amounts.