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The Money Issue
Investing in Florida companies
Over the past five years, private investors have poured money into nearly 350 Florida-based companies across a broad swath of the economy. Two sectors in particular stand out for drawing the big bucks: Health care and digital media. Among companies funded from mid-2010 to mid-2015, those in the health care and digital media sectors have received more than $2.4 billion, according to San Francisco analytics firm Quid. Greenway Health, a Tampa-based health care IT company, has captured the most money, raising $650 million since its inception in 2000. Last year alone, south Florida digital-media startup Magic Leap, which is working on augmented reality technology, pulled in $542 million from Google and other investors. Meanwhile, Jacksonville-based Fanatics, an online sports merchandiser, ranks third overall with a $320-million cumulative investment.
