After an anemic Q1, venture capital came roaring back in the second quarter in South Florida, with more and larger deals. Life sciences and health-tech companies attracting most of the money, according to the Pitchbook-NVCA Venture Monitor report published today.
In total, the Miami-Fort Lauderdale area attracted $242.53 million across 27 deals in Q2, up from $86.46 million across 24 deals in Q1 and three times the dollar amount attracted a year ago. Notably, the quarter included no mega-rounds (deals over $100 million), which make an outsized impact on the results in small regions like South Florida. It was the highest quarter since the first quarter of 2018 that included Magic Leap’s mega-round.