Startup companies are having the most difficulty attracting venture funds, the survey finds. The majority of the investors are putting their money in ventures closer to home where they can better monitor the progress of a new company.
The $81.4 million investment in new Florida firms represents 1.3% of the total venture capital funds committed nationally in the first quarter. Nationally, funds were down 50% from first quarter 2001.
Central Florida firms winning investors' interests are Chronic Care Solutions, Clearwater, $18.6 million; Intellon Corp., Ocala, $10 million; Solicore, Lakeland, $7 million; Cytura Corp., Heathrow, $1.25 million; Purilens Inc., Tampa, $417,000; Gold Coast Restaurants, $400,000; and Xytrans, Orlando, $333,000.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
