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S. Fla. Firms Raise $31 Mil in Venture Capital

CORAL GABLES, FL-OmniCluster Technologies Inc. of Boca Raton, FL received the largest slice, $10 million from Crossbow Ventures, HIG Ventures and Mellon Ventures.

By David R. Corder | Updated on July 25, 2001

CORAL GABLES, FL-Just within a six-month period, seven of the 26 companies that presented business plans at the annual Florida Venture Capital Conference have raised around $30.8 million in venture capital.

Coral Gables-based Florida Venture Forum Inc., a nonprofit entrepreneurial networking group formed in 1984, reports seven of the presenters at the annual conference last January have received equity or commitments either directly or indirectly from the conference.

Since the first round of presentations in 1992, the networking group has helped conference participants raise around $424 million in venture capital. Successful presenters use the proceeds for a variety of growth needs, including leasing and acquisition of operations space.

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