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Big Deals Continue to Pour in

ORLANDO-Central Florida's venture capital pot is simmering as area businesses raise $67.3 million in the second quarter, up 8.5% from $62.05 million in the first period. Tantivy Communications alone worked up $55 million from a dozen firms.

By Alex Finkelstein | Updated on August 11, 2000

Central Florida continues to attract venture capital, even though the state as a whole fell behind in the second quarter, a new PricewaterhouseCoopers study finds. Metro Orlando and surrounding markets raised $67.3 million in the second quarter, up 8.5% from $62.05 million in the first period. Melbourne wireless systems maker Tantivy alone raised $55 million from a dozen firms in the second quarter.

Investors sank $288 million into statewide companies, down 3.7% from the first quarter. But for the entire first half, Florida’s picture brightens. Venture capital investments totaled $587 million at a pace that could surpass the $725 million in all of 1999, the CPA firm’s report notes.

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