Great holiday gift idea from Florida Trend!
Florida Trend
Get FREE Business News Updates


November 25, 2015

Venture Capital

A Big Quarter for Venture Capital

15 Florida Firms Nab $127 million in Venture Capital money.

Amy Keller | 11/1/2007

Tom Hewlett (right), senior scientist at Pasteuria Bioscience, and Bruce Martin, a plant pathologist, apply nematode-killing bacteria on ornamental plants. The company received $5.3 million in VC funding in the second quarter.

Fifteen Florida firms landed $127 million in venture capital in the second quarter, according to the latest Pricewaterhouse-Coopers/ National Venture Capital Association MoneyTree report. In the year-earlier period, VCs invested a little more than half of that amount in Florida companies, $69 million. For the first half of this year, Florida firms nabbed $276 million in VC funding, compared with $129 million in the first six months of 2006. The Florida companies that received funding in the second quarter:

» Accu-Break Pharmaceuticals (formerly known as SoLapharm), Plantation,
Received: $5,649,900
Industry: Biotechnology
Description: Develops technologies for pharmaceutical tablets
Investors in Q2: Pequot Capital Management; S.A.C. Capital; undisclosed firm

» Applied Genetic Technologies, Alachua,
Received: $12,550,200
Industry: Biotechnology
Description: Develops therapeutics for medical patients
Investors in Q2: InterWest Partners; Intersouth Partners; MedImmune; Skyline Ventures; undisclosed firm

» Authentium, Palm Beach Gardens,
Received: $3,600,000
Industry: Software
Description: Develops system encapsulation, file and application defense
Investors in Q2: Safeguard Scientifics; Westbury Partners; undisclosed firms

» Avant Healthcare Professionals, Winter Park,
Received: $1,000,000
Industry: Healthcare Services
Description: Provides nurses and therapists on contract with hospitals
Investors in Q2: LFE Capital

» Avalon Healthcare Holdings, Tampa,
Received: $3,479,000
Industry: Healthcare Services
Description: Provides health insurance plans to small to midsized businesses
Investors in Q2: Inter-Atlantic Group; undisclosed firm

Tags: Around Florida, Banking & Finance

Digital Access

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

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


Florida Business News

Florida Trend Video Pick

Blue Origin launches, lands New Shepard rocket booster
Blue Origin launches, lands New Shepard rocket booster

Blue Origin completed a test flight this week that successfully launched a vehicle to space and landed the rocket booster. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Which political party do you identify with?

  • Democrat
  • Republican
  • Independent
  • Libertarian
  • No Party Affiliation

See Results

Ballot Box