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VC investing up in state but lags on per capita basis

In the past year, venture capital investments in Florida businesses increased by 45 percent, but the state still lags on a per capita basis.

Seventy-eight percent of the $318 million invested in Florida in the year ending in September went to businesses in the biotechnology, information technology services, media and entertainment and software industry sectors. Nationally, venture capital investments declined by 1 percent to $27.5 billion. The states with the highest venture investments: California ($14.1 billion), Massachusetts ($3 billion), New York ($2.3 billion), Texas ($1.2 billion), and Washington ($684 million). Based on total dollars invested, Florida ranked 14th compared to other states.

Cherrystone Management Consultants of Boca Raton also analyzed investments for each state on a per capita basis for the same time period. Florida ranked 29th.

Nancy Dahlberg