Venture capital rises in Florida, despite nationwide decrease

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Venture capital investment across the state yielded the best year for Florida since 2001 despite a nationwide drop in VC funding, according to the MoneyTree Report, released Wednesday, by PricewaterhouseCoopers and CB Insights.

VCs invested in Florida-based startups $1.12 billion through 71 deals in 2016, though much of that capital was funneled to Magic Leap.