Magic Leap led 2017 and fourth-quarter venture capital financing in Florida with its previously reported financing round of $502 million, according to the quarterly MoneyTree Report released Wednesday by PricewaterhouseCoopers and CB Insights.
Magic Leap’s investment round was led by Singapore’s Temasek Holding. The Plantation-based mixed reality technology company, which has raised $1.9 billion in total, made news this month when it announced its first product, the wearable Magic Leap One, Creator's Edition, would be released to developers.
According to MoneyTree, the Sunshine State snagged 88 venture deals worth $2.14 billion in 2017, up from 87 deals worth $1.24 billion in 2016.
Other South Florida companies raising venture capital in the fourth quarter, according to MoneyTree:
* CarSaver of Miami, provider of online car deals, $30 million;
* Vix, formerly Batanga Media, of Coral Gables, a marketing company, $6 million;
* Home61, an online real estate brokerage based in Miami, $4 million;
* SpringBIG of Boca Raton, a customer loyalty and marketing platform for cannabis retailers, $3.2 million.
In addition to Magic Leap, top South Florida fund-raises for the year included Boca Raton-based health-tech company Modernizing Medicine, which raised $231 million in the second quarter, and F1 Oncology in West Palm Beach, a biotech company that raised $37 million in the first quarter.
Nationwide, venture-backed companies saw $71.9 billion invested in 2017 across 5,052 deals. San Francisco-based Lyft received $1 billion during the fourth quarter, the fourth quarter’s largest investment tracked by MoneyTree. Magic Leap’s investment was second.