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Florida Funders is a venture capital firm founded in 2018 and based in Tampa, Florida. The firm was established by tech founders and investors Tom Wallace and Marc Blumenthal, who sought to address the scarcity of early-stage capital for startups in Florida. Initially starting as a crowdfunding platform, Florida Funders has evolved into a venture capital firm that focuses on investing in early-stage B2B tech companies. The firm has deployed over $300 million to more than 100 companies and has a network of over 2,000 accredited investors.
As of now, Florida Funders manages a fund size of $100 million and has made significant strides in the venture capital space. The firm has a strong commitment to supporting local startups while also being open to investments across the United States. Their notable milestones include the successful transition from a crowdfunding platform to a recognized venture capital firm, which has allowed them to significantly impact the startup ecosystem in Florida and beyond.
Florida Funders invests in early-stage B2B SaaS companies, specifically targeting the pre-seed to Series B stages. The firm focuses on various sectors, including fintech, AI, digital health, sports & entertainment, future of work, e-commerce, and cybersecurity. Their investment strategy is designed to address the scarcity of early-stage capital for startups in Florida, while also mobilizing local wealth to support these ventures. Florida Funders is particularly interested in fintech and AI, reflecting current trends in technology and market demand.
The firm is open to investing anywhere in the United States, which broadens their reach and potential impact. Florida Funders employs a hybrid model that combines venture capital with an angel investor network, facilitating growth and support for portfolio companies. This approach allows them to not only provide capital but also to build and nurture early-stage tech companies effectively.
Florida Funders has a diverse portfolio of over 100 companies across various industries. Notable portfolio companies include:
The portfolio spans industries such as Ad Tech, Aerospace, Artificial Intelligence, Cybersecurity, Digital Health, E-commerce, Education Tech, Fintech, InsurTech, Sports, and Web3. This variety demonstrates Florida Funders' commitment to investing in innovative technologies and solutions that address current market needs.
Tom Wallace - Executive Chairman. Tom has extensive experience as a tech entrepreneur and investor, having co-founded multiple successful startups.
Marc Blumenthal - General Partner. Marc brings a wealth of knowledge in venture capital and has been instrumental in the firm's growth since its inception.
Kevin Adamek - General Partner. Kevin has a strong background in technology investments and has led several successful funding rounds.
Saxon Baum - Managing Partner. Saxon specializes in operational support for portfolio companies, leveraging his experience in scaling startups.
Michael Kadow - General Partner. Michael focuses on identifying promising investment opportunities and has a keen eye for market trends.
Corey Hynes - Venture Partner. Corey provides strategic guidance and mentorship to portfolio companies, drawing from his extensive industry experience.
Jake Felman - Director, Legal Operations. Jake oversees legal matters related to investments and ensures compliance with regulations.
Rachel Ferm - Director, Investments. Rachel manages the investment process and works closely with founders to support their growth.
Sam Oleshansky - Senior Associate, Investor Relations. Sam focuses on building relationships with investors and managing communications.
Zach Brodsky - Senior Associate, Investments. Zach assists in evaluating potential investments and conducting due diligence.
Jerry Miller - Advisory Board Member. Jerry provides strategic insights and guidance based on his extensive experience in the industry.
Scott Price - Cybersecurity Advisory Board Member. Scott offers expertise in cybersecurity investments and trends.
Steve MacDonald - Board Member and Investment Committee Member. Steve plays a key role in decision-making for investments and strategic direction.
To pitch Florida Funders, founders should use the preferred channel outlined on their website at How to Invest. The pitch deck should include a comprehensive overview of the business model, market analysis, and financial projections. Florida Funders typically reviews submissions promptly, but response times may vary based on the volume of applications. Warm introductions are beneficial but not mandatory.
In March 2026, Florida Funders invested in Iris, a New York City-based AI-powered RFP automation platform, marking a significant move into generative AI technologies. This investment reflects the firm's commitment to expanding its portfolio in the AI sector.
Florida Funders has partnered with Dragonfly Operating Partners to enhance portfolio growth support, indicating a proactive approach to nurturing their investments.
The firm is currently in the process of filing for Fund III with the SEC, targeting a size of $75-100 million, which will further bolster their investment capabilities.
What are Florida Funders' investment criteria?
Florida Funders primarily invests in early-stage B2B tech companies, focusing on sectors such as fintech, AI, digital health, and cybersecurity. They target companies at the pre-seed to Series B stages.
How can I apply or pitch to Florida Funders?
Founders can pitch to Florida Funders through their website at How to Invest. It is recommended to include a detailed business plan and financial projections in the pitch deck.
What makes Florida Funders different from other venture capital firms?
Florida Funders combines venture capital with an extensive angel investor network, allowing them to provide not only capital but also mentorship and operational support to portfolio companies.
What is the geographic scope of Florida Funders' investments?
While Florida Funders is based in Tampa, they are open to investing in startups across the United States, expanding their reach beyond the Southeast.
What is the typical check size for investments?
Florida Funders typically invests in early-stage companies, with check sizes varying based on the stage and needs of the startup, but they focus on pre-seed to Series B funding rounds.
What kind of post-investment involvement does Florida Funders have?
Florida Funders actively engages with their portfolio companies, providing mentorship, resources, and access to their network of accredited investors to help facilitate growth and success.
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