Why South Florida

Capital Inflows in South Florida

The amount of capital into South Florida has increased substantially in recent years, particularly from venture capitalists and hedge fund managers. South Florida drew nearly $2.2 Billion in funding for companies in the area across 393 deals in 2023. The $2.2 Billion invested accounted for 63% of the total $3.4 Billion funding for the state of Florida in 2023. While total capital invested was down significantly from 2022's historic high, deal count remained strong, a sign that activity persisted but the deals shrunk in size. South Florida accounted for almost 63% of all deals signed in the state during 2023.

Venture Capital State Ranking 2023

Venture Capital Metro Market Ranking 2023

States

No. of Deals Total Invested (Billion) Total Invested (Billion)

States

No. of Deals Total Invested (Billion) Total Invested (Billion)

California

4,302

$77.1

Silicon Valley

2,829

$60.0

New York

1,931

$20.0

New York

2,159

$21.8

Massachusetts

856

$16.1

Boston

872

$16.4

Texas

895

$6.9

Los Angeles

1,071

$12.1

Colorado

409

$3.9

Austin

475

$4.0

Washington

428

$3.6

Denver

361

$3.5

Florida

625

$3.4

Seattle

384

$3.4

Illinois

382

$2.5

Philadelphia

556

$2.8

Virgina

277

$2.3

Chicago

360

$2.4

South Florida started 2024 strong, with almost $600 Million invested in the first quarter across 94 deals.

South Florida

New Jersey

393

$2.2

250

$2.1

South Florida Venture Capital Funding

8

600

508

South Florida ranked 7th in the Nation for Number of Venture Capital Deals Signed in 2023.

7

463

500

6

393

400

5

257

300

4

242

242

3

200

2

94

100

1

$2.7B

$2.2B

$2.1B

$1.5B

$5.5B

$6.9B

$0.6B

0

0

2018

2019

2020

2021

2022

2023

YTD 2024

Total Invested

Number of Deals

Cushman & Wakefield | Why South Florida

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