TLDR:
- South Florida VC had a slow start in Q1, but deal count remained strong.
- Top deals in the Miami metro area included companies like Crisp, Passes, and Downpayments.
South Florida venture capital activity in Q1 2024 showed a decrease in funding compared to the previous quarter, signaling a challenging market for startups in the region. However, deal count remained strong in the Miami-Fort Lauderdale metro area, with 94 deals recorded, showcasing resilience in the local ecosystem. Key deals in Q1 included Crisp’s $85 million Series B round, Passes’ $40 million Series A, and Downpayments’ $32 million debt-equity round. Other notable raises included Healthsnap’s $25 million Series B and Upwards’ $21 million Series B. Overall, while venture capital fundraising in South Florida saw a dip, the region’s deal count and the performance of certain startups indicate potential for growth and innovation in the coming months.
