MIAMI - In the last year, Miami’s investment infrastructure has strengthened dramatically, with more venture funds looking to the city as a hub. However, the focus has been for startups in the seed and smaller Series A stage. This may change soon. Richmond Global Ventures announced that they will be opening in Miami.
MIAMI - St. Louis-based non-profit LaunchCode is expanding to Miami, with funding from the John S. and James L. Knight Foundation, to address the issue of brain drain in South Florida’s growing tech community. LaunchCode matches technologists with local companies through paid apprenticeships. The Knight Foundation is investing $1.25 million, over three years, to support LaunchCode’s Miami opening early next year.
MIAMI - The Florida Venture Forum, a statewide support organization for venture capitalists and entrepreneurs has released a partial list of mid-to-later-stage, Florida-based companies that will present their company pitches at the 2015 Florida Venture Capital Conference.
HOLLYWOOD - ALTPAY, a South Florida-based startup mobile payment company has received a $1 million equity investment from two family office investors.
ALTPAY markets its mobile payment service in the United States to regional and mid-market retailers, including supermarkets, grocers, pharmacies and convenience stores. They will launch in Latin America in the first quarter of 2015.
MIAMI - South Florida-based firm Medina Capital announced today it has closed their new private equity fund with total committed capital of US $182 million for high-growth tech companies.
As reported in The Starting Gate, the fund’s typical investment size is $10 million to $20 million and it will invest in early growth-stage companies in cyber-security, big data, mobility and cloud computing — “the infrastructure side of technology.” That’s according to founder and tech pioneer, Manny Medina.