The Miami-Fort Lauderdale metro has pulled $361M in venture capital funding for Q2 2024, a considerable drop from the $623M the area attracted in the first quarter, according to Pitchbook's latest data.
The second quarter deal count for South Florida startups also dropped to 71 from the Q1 tally of 106. This compares with 89 deals encompassing $378M in Q2 2023, Refresh Miami reported.
However, the report noted that two late-breaking deals in June were not included in the total: Insightec, a medtech firm based in Miami and Israel developing focused ultrasound, raised $150M, Miami's largest raise of the year; asset-tokenization startup Securitize had a $47M round.
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