Venture funding for 2018 was the best recorded year for Florida’s life science industry-and 2019 may likely surpass it

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Florida experienced an 85% growth in life science investments from 2017 as venture dollars for biotechnology and medical device rose to $269.8M in 2018 with the average deal size at $18M.

o In the first 3 quarters of 2019, Florida venture funding for biotechnology and medical device was at $216.9M–equaling 80% of venture funding for all of 2018.

• In 2018, there were 11 venture funding investments in the biotech sector, totaling $192.9M, while the medical device segment saw 4 venture funding investments, totaling $76.9M, for a total of 15 life science deals in 2018.

o The industry has already seen 5 venture funding investments in the biotechnology sector in 2019, totaling $165.6M, while the medical device segment has also seen 5 venture deals, totaling $51.3M, for a total of 10 life science deals in 2019 YTD.