NAVIGATION

July 23, 2016
Venture capital bounce in second quarter

Photo:

Banking

Venture capital bounce in second quarter

Second-quarter venture capital investments point to a turnaround, with the best quarterly showing in six years.

Mike Vogel | 10/2/2013

Florida venture capital industry boosters took heart from second-quarter numbers.

According to the MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association, Florida companies attracted $156 million in the quarter, the best three-month investment tally since the third quarter of 2007, before the recession. The investments also went a long way toward improving on an anemic 2012, when only $199 million came into the state, Florida's worst annual showing since at least 1995. The quarter tally also put Florida in the top 10 states for venture investment.

The gap, though, between No. 1 California, with $3.3 billion in the quarter, and No. 8 Florida remains an abyss. The state also remains a long way from the dot-com days, when $982 million flowed in the first quarter of 2000 alone.

Access to capital for small and young businesses will be a topic at the Florida Chamber's Future of Florida Forum in October in Orlando.

Nationally, venture capital investment was up 12% to $6.7 billion in the second quarter compared to the first. Internet and biotech saw increases in particular but the software sector, which fell 7%, still took the highest level of funding. Sectors seeing decreases included networking and equipment, computers and peripherals and semiconductors.

Tags: Banking & Finance, The Money Issue

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Taking the kids to Kennedy Space Center
Taking the kids to Kennedy Space Center

Space fans old and young will enjoy the many sides of KSC: The sheer size of the suspended Saturn 5 rocket, the IMax movies, the bus tour, the new Angry Birds exhibit, the rocket garden, climbing through the miniature International Space Center, trying out a re-creation of a shuttle landing -- and much more.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

In his acceptance speech at the RNC, Donald Trump painted a dark picture, portraying the United States as a diminished and even humiliated nation. He said these are times of crisis, and our way of life is threatened. Do you agree with Trump?

  • Yes - completely agree
  • On the fence
  • Don't agree, see things more optimistically

See Results

Ballot Box
Subscribe