Want to know about Miami startups? A user's guide to this blog

Dear reader, Starting Gate has been providing and archiving South Florida startup and tech community news, views and resources since 2012. New to the Miami area? Thinking about relocating here? Just want to keep up with news, events and opportunities? We're there for you.

How to use Starting Gate: Besides scrolling the blog for the latest entries, you can access news and views by category. The "Funding" category will capture venture capital and angel funding news of individual startups as well as stories about funders. The startup categories chronicle news and my regular "Spotlights," and in Q&As you'll find interviews with CEOs and leaders in the entrepreneurship ecosystem. There are also categories for guest posts, views, accelerators/incubators, resources, events and more.

Have news? Have an idea for a guest post? Send it to me at ndahlbergbiz@gmail.com. (See my Facebook announcement here)

Thank you for your support through the years and please come back often. Follow me on Twitter @ndahlberg. - Sincerely, Nancy Dahlberg

February 15, 2018

Fort Lauderdale insure-tech startup ChronWell raises $4.5 million in funding

ChronWell, a Fort Lauderdale startup that is developing a technology-enabled platform company for the workers’ compensation insurance industry, raised $4.5 million in Series A funding, the company announced this week.

The investors were not disclosed.

ChronWell was launched in September 2017 by long-time veterans in the healthcare information technology and insurance industries. Dr. Joe Rubinsztain, ChronWell's CEO, and his brother Sam Rubinsztain, VP of Product Development, together founded Weston-based gMed in Weston in 1997, which was sold to Modernizing Medicine in 2015. ChronWell's president, Salomon Sredni, was formerly president and CEO of TradeStation, one of the largest online brokers in the U.S.

The company said that it aims to be the first line of care for injured workers, while getting them back to work faster and reducing costs.

 “Our mission is to use technology to bridge the gap between employee, employer and insurance company,” said Joe Rubinsztain. “In making the process more efficient, we will improve outcomes and help injured workers receive the care they deserve. Everyone agrees the workers’ compensation market is long overdue for disruption, and this is the right time to do it.”

The funding will support the first phase of the company’s innovative platform, which covers triage, on-site care, care coordination and personalized assistance service, the company said. When an employee is injured on the job, a ChronWell healthcare professional backed by Artificial Intelligence will determine the best course of action by recommending self-care, on-site care or a health care facility. The service provides follow-up with the worker and manages the claim.

“The current workers’ comp system is broken,” said Sredni. “We strongly believe in bringing compassion and empathy back into a system that is failing to serve those most in need.”

February 12, 2018

Future of Travel Summit: And the winners are ...

Futureoftravel

South Florida startups proved Miami is more than tourism and hospitality -- it's tourism-tech too.

Hundreds of entrepreneurs and professionals from the travel and hospitality industry gathered at The LAB Miami and the LightBox in Wynwood on Monday for the inaugural Future of Travel Summit produced by LAB Ventures, The LAB Miami's venture builder. Between panel discussions and keynote talks on everything from AR/VR to digital nomads to blockchain by executives from Ritz Carlton, Marriott, Visa, SeaTrade, JetBlue, Kayak, Spirit and others, 10 startups selected from around the world pitched for the opportunity to present at SeaTrade as well as other prizes.

Read about the 10 startups here.

And the winners were... both South Florida startups. Perhaps that shouldn't be a surprise given it is one the biggest industries here and a number of travel-tech companies have already blossomed in the Miami area, including Amadeus, Oasis, EveryMundo, Local Measure, Boatsetter and Nobox. 

Voyhoywinners

Voyhoy took the grand prize, selected by the judges. Voyhoy is an online booking platform that allows users to compare and buy plane, bus, ferry, and train tickets throughout Latin America. It offers simple and secure ways to acquire the best deal among thousands of travel tickets.

Read more about Voyhoy in the Miami Herald here. Also Platform.Miami recently named it a 2018 Startup to Watch: Read it here.

Daycation

Daycation was the People's Choice winner. Daycation allows users to book day-by-day access to various hotel amenities, such as the pool or spa, starting at $25 a day. It allows for membership as well as individual day pass purchases. (I haven't written about this startup yet, but I will).

Will Future of Travel be back next year? Absolutely, said Tigre Wenrich, CEO of LAB Ventures and The LAB Miami.

LAB Ventures has made a mission of bringing together startups and corporations. It's also running a Pitch to PERY (Perry Ellis International) fashion startup competition. There's still time to enter Pitch to PERY, but the deadline is Feb. 21. More info here: https://www.pitchtopery.com/

 

February 06, 2018

Miami startup’s just-launched mystery box for crypto sells out - twice

 

Screen Shot 2018-02-06 at 11.56.48 AM

 

Three Miami coders were just messing around one Friday night and thought, "what if we could build a Birchbox for crypto?"

And they did.

Mario Aguayo, PK Banks and Auston Bunsen launched CBlocks, a mystery box of cryptocurrency, on Jan. 16. Their idea: To give anyone access to investment in cryptocurrencies without being a blockchain expert.

Despite January being a wild ride down for Bitcoin, the Miami startup still sold over 320 CB Wallets worth $17,000 in just two weeks, selling out twice.

“I have been interested in cryptocurrency for some years now in my personal life,” said Bunsen, in a press release. “But we’ve realized that the process of getting started was too difficult and fairly risky because you have to trust online exchanges with your private keys.”

How it works: Users choose how much to invest from the four CB Wallet tiers available ranging from $75 to $500. A proprietary algorithm loads your CB Wallet with a unique set of five alt-coins at random from the top 300 on CoinMarketCap. Your CB Wallet in the form of an encrypted USB arrives at your house by mail in a collectors case until you decide you want to open it. 

While Bitcoin’s rise and recent plunge has grabbed the headlines, CBlocks loads the mystery box with so-called alternative coins (alt-coins), a lesser-known but fast-growing segment that accounts for roughly $11 billion in daily transaction volume.

CBlocks takes $50 for processing, so a CB Wallet costing  $500 wallet would contain $450 worth of cryptocurrency. Because of demand, the startup has temporarily paused orders and hopes to start accepting orders again within the next three to five days.

“We think this is a no-brainer way to get started in crypto,” Aguayo said. More info: https://www.cblocks.io

Pumped up to save money in 2018? 'Priceline for gas' launches in South Florida


Getupside
From Uber drivers to I-95 commuters to soccer moms, Floridians spend an average of $2,900 annually on gas. What if there were a Priceline-like app to slash that cost burden?

Now there is. On Tuesday, GetUpside launched service in Miami-Dade, Broward and Palm Beach County, where more than 400 gas stations are offering exclusive deals through the app.

How does it work? With the free GetUpside app, users see discounted prices from dozens of nearby gas stations – deals offering up to 25 cents cash back per gallon. Users can pick their station, pump and pay using a credit or debit card, and then upload a photo of their receipt to the GetUpside app. The cash back savings accumulate in users’ online accounts and can be cashed out at any time via check or PayPal.

The venture capital-backed startup was founded by a pair of former Googlers in 2016 in Washington, DC, where it already has 130,000 users who have saved more than $1 million dollars in cash back deals, the company said.  GetUpside incentivizes businesses to compete with one another on price in return for bringing more customers to their stores. In Washington, the app also offers deals on groceries and restaurants.

“With year-round tourism and status as a transportation hub, Florida was an obvious choice for GetUpside’s first market expansion. We are committed to helping consumers here save and businesses here grow,” said GetUpside co-founder/CEO Alex Kinnier in a press release.

By the end of 2018, more than 1,500 gas stations throughout Florida are expected on the GetUpside platform. More info: www.getupside.com

 

January 31, 2018

LAB Ventures announces 10 finalists for Future of Travel startup pitch competition

After carefully reviewing hundreds of applications, LAB Miami Ventures has chosen the 10 most disruptive startups to pitch at the first annual Future of Travel summit. At this unique event, guests will hear keynotes and panel discussions from travel industry leaders, meet startups set to shake up TravelTech, and mingle with investors - all on Feb. 12 at the Lightbox & The Lab Miami in the Wynwood Arts District.

LAB Ventures, a company-builder that designs and launches new digital businesses, held an open call for innovative TravelTech startups and received applications from five continents.  The 10 finalists offer services ranging from rental car meta search and multi/modal travel booking, to interactive city guides and hotel management systems: Viajala (Colombia), Axle (NY, US), VoyHoy (Chile), RentingCarz (FL, US),  Porter and Sail (NY, US), Daycation (FL, US), Simplenight (FL, US), PurpleCloud Technologies (PA, US),  Soundwalkrs (Colombia) and Hotel Online (Kenya).

The startups are competing for a chance to attend Phocuswright’s Startup Battleground in Las Vegas, a spot on stage at Seatrade Global, and over $20,000 of other prizes.  The panel of expert judges include Kerri Zeil, Director of Amadeus for Startups; Noam Beno, Corporate Strategy at Royal Caribbean Cruises Ltd; Seth Cassel, President of EveryMundo; Andrew Sturner, Founder of Boatsetter; and Parker Stanberry, Founder of Oasis Collection.  

A limited number of tickets are still available at futureoftravel.miami.

Meet the finalists:

Axle Travel (NY, US)  provides door-to-door ground transportation for long-distance travel. Axle works with bus companies to ensure the fastest, safest, most affordable and enjoyable trip possible.

Daycation App (FL, US)  allows users to book day-by-day access to various hotel amenities, such as the pool or spa, starting at $25 a day. Daycation allows for membership as well as individual day pass purchases.

Hotel Online (Kenya) is cloud-based reservations management and marketing system to help smaller hotels access more than 100 online sales and marketing channels.

Porter and Sail (NY, US) provides guest services technology to boutique and luxury hotel properties. These services include e-commerce platforms, guest-facing front-end mobile applications (iOS and Android), back-end operational dashboards, and industry-first analytics and data insights.

PurpleCloud Technologies (Philadelphia, US) offer a suite of mobile software products primarily for the hospitality industry. Their mobile software "Cielo" comprises of housekeeping, management, engineering and front office modules, and provides the fastest access to room status and guest information possible.

RentingCarz  (FL, US)  allows residents from Latin America and the Caribbean to compare all major car rental brands and get the lowest price when renting a car anywhere in the world.

SIMPLENIGHT (US) enables any company to provide a one-stop-shopping experience to search and book everything there is to do in any city. SIMPLENIGHT acts as merchant of record and takes commission on all inventory sold, pays transaction fees and shares the net revenue with the distribution partner.

Sound Walkrs  (Colombia) is a smartphone app that allows users to discover a new city through a series of GPS-guided, audio walks led by fictionalized versions of historical figures from a city’s past. Users can create and share their own personalized maps and find and bookmark exciting things to do within the city.

Viajala (Colombia) enables LATAM travelers to search dozens of travel sites at once, including local online travel agencies and airlines that cannot be found elsewhere. Viajala gives travel brands the opportunity to distribute and advertise their offers in front of a premium audience of LATAM travelers.

VoyHoy (Chile) is an online booking platform that allows users to compare and buy plane, bus, ferry, and train tickets throughout Latin America. VoyHoy offers simple and secure means to acquiring the best deal among thousands of travel tickets.

- Submitted by LAB Ventures Miami

 

January 25, 2018

Tender Armor secures multi-million-dollar investment to prevent payment fraud

Tender Armor, a financial technology startup based in Fort Lauderdale, announced it has closed “a multi-million-dollar Series A investment.”

The Series A round enables Tender Armor, a global fraud prevention technology provider, to drive new business and product innovation, expand its workforce, and meet increasing demand by financial institutions for its multi-patent-pending CVV+ solution.

The investment was led private investors Aubrey Strul and Barry Beck, with additional funding through Strul Logistics and Technology.

Maddy Higher Res shot“Three years ago, the market void in fraud prevention solutions was evident as it still is today. We set out to create a highly effective payment fraud prevention tool that deputizes cardholders to protect them from fraudsters," said Madeline K. Aufseeser, co-founder and CEO of Tender Armor, in a press release. "Now, with the support of investors, Tender Armor enters the next phase of growth, expanding our product and workforce, and driving new business within the payments industry and beyond.”

According to American Express, nearly half of consumers who shop online report they have been the victim of payment fraud, representing nearly 80 million online shoppers. The CVV+ solution addresses the growing threat of card-not-present (CNP) fraud, which can result in customer hassles and significant losses for financial institutions. In the U.S. alone, CNP fraud is forecast to increase by 68 percent from 2016 to 2018, according to U.S. Payments.

The company's CVV+ technology anonymously authenticates the cardholder where ever payment cards are accepted, including through mobile devices, online, and over-the-phone, by generating a security code that only the cardholder can obtain, the company said. Tender Armor was founded in 2015.

January 23, 2018

Perry Ellis International, The LAB Miami and AGP team up for fashion pitch opportunity

Startups and suits don’t mix – or is that changing? New opportunities linking startups and Corporate America are beginning to grow in South Florida.

And if you are a fashion-tech, ecommerce or retail entrepreneur, this new pitching opportunity may be for you. Miami-based Perry Ellis International, a leading multi-billion dollar apparel designer, distributor and licensor, is teaming up with The LAB Miami’s venture builder, LAB Ventures, and angel network AGP Miami to launch Pitch to PERY (Perry Ellis International’s stock symbol), a search for the next great startup revolutionizing the fashion, e-commerce and retail industries.

Pitch to PERY is focused on finding novel solutions to some of retail’s biggest opportunities. Some of these could be driving brand awareness, increasing e-commerce sales, enhancing consumer in-store experience, and introducing new Internet of Things (IoT) products to PEI’s roster of brands, which include Perry Ellis®, An Original Penguin® by Munsingwear®, Laundry by Shelli Segal®, Cubavera®, Callaway® and Peony & Me®.  Building on the momentum of the company’s 50th anniversary, Pitch to PERY is part of a broader future-focused approach, which seeks to apply a digital mindset, technology and product innovation to PEI’s family of brands, the company said.

 "Our vision is to continue embracing our entrepreneurial spirit, foster our ability to adapt to change and integrate technology into our business strategy,” said Oscar Feldenkreis, CEO and President of Perry Ellis International, in a news release.

Through the competition, startups and entrepreneurs will receive private pitch-coaching from LAB Ventures, spend a day at PEI’s headquarters and ultimately, pitch their ideas in person to PEI executives during the Pitch to PERY Finals Night in March. The winning team will work with PEI and The LAB Miami to develop and implement a pilot program for their respective product or service, and have an opportunity to earn a long-term contract with PEI.

“When we started LAB Ventures our idea was always to try to build a bridge between corporations looking for external sources of innovation and startups looking for customers.  The one thing an early stage startup needs even more than investment capital is a marquee reference customer.” Said Thomas “Tigre” Wenrich, CEO of The LAB Miami and LAB Ventures.    “So when Perry Ellis International told us they wanted to meet local startups that might be able to provide technology relevant to their business, we jumped at the chance to help.”

Applicants are encouraged to attend The Future of Tech & Pitch to PERY Launch Night at The LAB Miami’s Wynwood offices on the evening of Wednesday, January 24 to meet executives from Perry Ellis International and learn specific details about the challenges they are looking to solve. The event will also feature a panel discussion with industry experts about where the worlds of fashion and retail are heading, and how startups can work with large corporations.

Applicants should preferably be companies with demonstrated proof-of-concepts, established client base and preliminary funding. To apply and learn more, visit: http://www.pitchtopery.com or visit the Pitch to PERY event page HERE.

It isn’t surprising to Wenrich that the Pitch to Pery Launch Night is already seeing a lot of signups on Eventbrite.

It’s part of a larger mission at The LAB to connect startups and corporations. Last year, LAB Ventures worked with Visa and Finnovista on the first annual Visa Everywhere startup search for the Latin America region, and coming up on Feb. 12, LAB Ventures will be present the finals of its TravelTech pitch competition at the Future of Travel Summit (www.FutureOfTravel.Miami).  That is another event that brings together not only startups and investors in TravelTech, but also corporate executives from the traditional travel companies, Wenrich said.

January 15, 2018

Chatting with Chirrp: Miami company uses AI to engage with customers

Chirrpteam

 

By Nancy Dahlberg / ndahlbergbiz@gmail.com

Startup Spotlight: CHIRRP.AI

Headquarters: Miami

Concept: Chirrp is a conversational platform that harnesses the power of artificial intelligence to create engaging interactions with customers. Through Chirrp, companies can rapidly offer intelligent conversation that is engaging, personalized and targeted.

Story: Since working together on their first project many years ago, the founders of Chirrp — Mallesh Murugesan and Stephen Yuan — have been passionate about using technology to deliver better experiences for consumers. Over the past three years, their team has explored the capabilities of current Artificial Intelligence technologies, identifying weakness and working on ways to apply AI to enhance user interactions. In 2016, they decided to bring these ideas together to create a platform that would enable richer conversations and better experiences for their users.

Once the platform foundation was created, the Chirrp team focused on making the conversations robust, flexible and accurate. Through their research, they explored linguistics and communications in an effort to make Chirrp’s AI more human-like. The company has now created a patent-pending methodology that uses a unique way to understand the context of human intentions and provide human-like engagement.

Murugesan, CEO and co-founder, has been very involved in the startup community here in South Florida. “The startup community has evolved so much in Miami in the past few years right in front of us. There is a very vibrant startup community here and is growing tremendously,” Murugesan said. Prior to Chirrp, he started Abeyon to bring intuitive design, as well as great user experience design and user interface design (UI/UX) to complex business processes, be it health data, manufacturing or government.

Yuan is COO and has more than 25 years of experience working on technology products. He heads the R&D team of Chirrp’s Washington, D.C., office. Having two locations has allowed the company to work successfully in the healthcare industry, as well as with the federal government.

Chirrp is being implemented at hospitals around South Florida as a patient engagement tool, Murugesan said. Chirrp is also working on a project with the U.S. Department of the Navy to analyze data and find patterns and attributes to enable Navy to make better decisions. The company is having conversations with several other federal agencies as well, he said.

Launched: January 2017

Website: www.chirrp.ai

Management team: Mallesh Murugesan, co-founder and CEO, Stephen Yuan, co-founder and COO.

No. of employees: Five.

Financing: Currently raising seed funding.

Recent milestones: In June, Chirrp.ai won the eMerge Americas Early Stage Startup Showcase, taking home $50,000 in prizes. Since then, the company has brought in business development partners and advisory board members to grow and realize the potential of Chirrp.ai. The company also recently obtained another major healthcare client for which it will deliver customer engagement through digital channels.

Biggest startup challenge: “Our biggest challenge is the timing of the technology. Artificial Intelligence-based solutions are still new, especially in the enterprise space. Finding the right solution for an enterprise has been a challenge and a focus for us at Chirrp.ai. In the upcoming year, we believe AI will take a central role in solution offerings and we see Chirrp at the forefront of that movement,” Murugesan said.

Next step: To continue strengthening the platform and improve its capabilities. The startup is working on several proof-of-concepts for specific industries to showcase the applicability of AI-based conversations.

Strategy for next step: The strategy is to have a well-defined product road map from a technology perspective, continue to develop the capabilities of the platform, and then bring in the right strategic partners to capture the healthcare market using Chirrp.ai.

Mentor’s view: “Chirrp is also very well positioned and in the early stage of utilizing artificial intelligence to improve and streamline processes and customer interaction, specifically within the healthcare industry. Mallesh has a great attitude and is open to ideas and critique and able to executed changes quickly,” said Nathaniel Pool, an angel investor and adviser. “As with any startup, the key to Chirrp’s success will be to solidify their niche, then remain laser-focused.”

Follow @ndahlberg on Twitter. Email Nancy at ndahlbergbiz@gmail.com

READ PAST STARTUP SPOTLIGHTS UNDER THE STARTUP SPOTLIGHT CATEGORY OF THIS BLOG.

ChirrpCEOandMaite Nogales

Chirrp Co-Founder & CEO Mallesh Murugesan and Maite Nogales, office manager, stand outside their office in Coral Gables on Nov. 21. Chirrp is a tech company that uses artificial intelligence to create engaging chat conversations. AL DIAZ adiaz@miamiherald.com

January 11, 2018

See who will be presenting at the Florida Venture Capital Conference in Fort Lauderdale

The Florida Venture Forum, Florida’s largest statewide support organization for investors and entrepreneurs, announced  its lineup of growth stage companies that will present and exhibit at the 2018 Florida Venture Capital Conference, to be held at the Fort Lauderdale Marriott Harbor Beach Resort and Spa on January 30-31, 2018. This includes eight companies from South Florida.

In addition to the opportunity to present before an audience of active equity investors, eligible presenting companies will be considered for the Accelerating Innovation (AI) Award offered by Space Florida, a cash prize totaling $100,000.

“Presenting at the Florida Venture Capital Conference has been a game changer for hundreds of Florida companies over the years, offering a unique opportunity to connect directly with more than 500 attendees, including 120+ equity investors actively looking for deals,” said Travis Milks, Chairman of the Selection Committee of the 2018 Florida Venture Capital Conference and a partner with Stonehenge Growth Equity Partners in Tampa. “In 2018, we had a near-record number of applications and we’ve selected a strong cohort of growth stage companies that are leaders in many of the markets and industry segments where investors are most heavily focused.”

The diverse group of presenters, selected from over 100 applicants by a committee of active equity investors, includes companies focused on industries and market segments such as life sciences and healthcare IT, enterprise software, on-demand economy technology solutions, cybersecurity and education technology.

“The growth of Florida’s venture capital market continues to make a lasting impact on the Florida economy and the presenting companies,” said Stanley “Stash” Jacobs, Jr. 2017-2018 Chair of the Florida Venture Forum and shareholder with Greenberg Traurig. “I would like to commend the investors on our selection committee, as well as congratulate the selected companies."

Speakers at the conference include Ryan Cohen, founder and CEO of Chewy and there will be panels on cybersecurity and blockchain as well as the state of the venture capital industry.

Selected presenting companies by region:

Southeast Florida

Catered Fit, (www.cateredfit.com), Fort Lauderdale, leverages technology, a fully integrated set of kitchens and an expansive network of last mile drivers to process, prepare and deliver 5,000 monthly orders as a sustainable lifestyle solution - not a diet. Each member receives perfectly proportioned, gourmet meals that are cooked fresh and delivered daily at an affordable price.

Global Shopex LLC, (www.globalshopex.com), Miami, enables small and medium size merchants in the US to sell to more than 200 countries. Globalshopex’s easy-to-integrate checkout technology is FREE and fast to integrate to any merchant, regardless of its ecommerce platform or technology. In a few hours, any merchant can start selling globally in local currency including shipping, taxes and duties, offering multiple international and local payment options.

Moocho, (www.moocho.com), Miami, is the leading college rewards and payment app. With Moocho, college students can pay with their phone at merchants around campus and earn exclusive rewards.

Prescriber's Choice, (www.prescriberschoice.com), Pompano Beach, is the solution to rising drug prices and vanishing insurance coverage in dermatology. In the last decade, prices for basic medications have skyrocketed, often to hundreds of dollars. Insurance hurdles, such as prior authorization, have killed access and therapy compliance, as insurers deem common medical dermatology conditions "non-essential."

ReloQuest, Inc., (www.reloquest.com), Sunrise, is a single platform sourcing solution initiating the evolution of global mobility in an industry that lacked a unified method. ReloQuest is the industry leader and the only temporary housing platform that provides an independent, unbiased and transparent resource to global mobility clients in need of sourcing temporary housing, service apartments, and hotels, worldwide.

Sensentia, (www.sensentia.com), Coral Gables, automates healthcare administration, unlocking access to information for both consumers and care providers through a new genre of natural-language self-service tools.

7Pets, (www.7petsco.com),  Pembroke Park, manufactures and distributes its unique and increasingly popular Garfield and Hello Kitty cat litters. Developed in-house, 7Pets’ novel formula is highly absorbent and odor-eliminating, fast clumping, all natural and biodegradable, and made solely with plant-based materials sourced out of Brazil. In addition to its trending premium litter, 7Pets has also successfully introduced a mineral-based “economical” formula competing in the mass market.

Tellus, (www.4tellus.com), Deerfield Beach, provides cost effective solutions to improve patient care and reduce fraud, waste and abuse. The company’s EVV solution is SaaS-based and licensed on a monthly basis.

Central/East Central Florida

 ITProTV, (www.itpro.tv ), Gainesville, delivers online IT training that is both comprehensive and entertaining. With a unique format where educators interact with hosts, ITProTV brings a human-to-human approach to the convenience and cost efficiency of eLearning.

RedTeam Software, (www.redteam.com), Orlando, is software as a service for commercial general contractors. The company was started by a general contractor when he could not find a solution to meet his need for project management. RedTeam has doubled in size to 50 people over the past 4 years and is entering its growth phase with very strong corporate partnerships.

Shadow Health, (www.shadowhealth.com), Gainesville, increases the effectiveness of healthcare practitioners by training them through measured improvement in practical application, patient interaction and personal empathy, empowering them to increase the health of those they serve.

Xhale Assurance, Inc. (www.xhale.com), Gainesville, provides from a single disposable sensor placed on the nasal ala (fleshy portion of the nostril) critically needed cardiorespiratory parameters that today require multiple sensors, or that in many cases are not currently available for patients from any other technology.

West Central/Southwest Florida

Homee, (www.homeeondemand.com), Tampa, is an on-demand property maintenance service that provides customers with instant access to electricians, plumbers, HVAC technicians and handymen from the convenience of their smart phones.

Ravti, (www.ravti.com), Tampa, provides a platform to quickly mobilize a complete HVAC inventory (in the United States) along with the world's largest organized HVAC database to drive capital savings for commercial real estate's largest M&R (maintenance and repair) expense. The company’s software tracks, manages, and procures HVAC (heating, ventilation, and air conditioning) for sophisticated commercial real estate owners/operators.

SynDaver, (www.syndaver.com), Tampa, designs and builds the world’s most sophisticated synthetic human tissues and body parts. The company’s SynDaver Synthetic Human bleeds, breathes, and employs hundreds of replaceable muscles, bones, organs, veins and arteries – all made from materials that mimic the mechanical, thermal, and physicochemical properties of live tissue. This validated technology is used to replace live animals, cadavers and even human patients in medical device studies, clinical training and surgical simulation.

North Florida

HomeASAP LLC, (www.homeasap.com ), Jacksonville, is the leading provider of online marketing solutions for real estate professionals. The company offers a broad portfolio of integrated applications and services that help connect agents and brokers with home buyers, sellers and referral business, with an emphasis on Facebook.

LegacyShield, LLC, (www.legacyshield.com), Ponte Vedra Beach, is a B2B2C platform to help insurance and financial service organizations and their advisors onboard, engage and monetize their customers.

Rhode Island 

eNow, Inc., (www.enowwnergy.com), Rhode Island, is the leader in solar-based auxiliary power systems built exclusively for the transportation industry. The company’s proprietary solar products are designed to support and maintain auxiliary power to vehicle HVAC systems, hotel loads, liftgates, telematics, refrigeration units, and safety/emergency lighting.

 Exhibiting Companies:

Fortress Information Security, (www.fortressinfosec.com), Orlando, helps companies and people identify, prioritize, remediate, and monitor cybersecurity risks. Using flexible security orchestration and collaboration platform and managed services, the company focuses on providing custom solutions designed around clients’ regulatory, compliance and security goals.

 Vijilan Security LLC, (www.vijilan.com),  Ft. Lauderdale, specializes in threat intelligence monitoring and response, which represents 50% of the Cyber Security Market. The company’s services include threat detection and response in real time. It combines threat intelligence and correlation rules with a robust ticketing system that integrates with most CRM tools in the market (Connectwise, Autotask…) and provides monitoring through its 24/7 Security Operations Center in Ft. Lauderdale.

-Submitted by Florida Venture Forum

Magic Leap once again lifts Florida venture capital results

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.

READ MORE HERE