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Florida Funders is a venture capital firm founded in 2018 and headquartered in Tampa, Florida. Established by tech entrepreneurs Tom Wallace and Marc Blumenthal, the firm was created to address the significant gap in early-stage capital available for startups in Florida. Initially starting as a crowdfunding platform, Florida Funders has evolved into a robust venture capital firm that focuses on investing in early-stage B2B tech companies. With a fund size of $100 million, Florida Funders has successfully deployed over $300 million to more than 100 companies since its inception. The firm boasts a network of over 2,000 accredited investors, which enhances its ability to support portfolio companies through both capital and strategic connections. Florida Funders is recognized for its commitment to nurturing local startups and mobilizing regional wealth to foster innovation in the tech sector. The firm has established a reputation as a leading venture capital player in the Southeast, particularly in the fintech and AI sectors.
Florida Funders specializes in investing in early-stage B2B SaaS companies, with a particular emphasis on the pre-seed to Series B stages. The firm targets a diverse range of sectors, including fintech, artificial intelligence (AI), digital health, cybersecurity, e-commerce, and web3 technologies. While its primary focus is on startups based in the Southeast, Florida Funders is open to investing in promising companies across the United States. The firm seeks to partner with innovative founders who demonstrate a strong vision and the potential for significant growth. Florida Funders is particularly interested in companies that leverage technology to solve real-world problems, especially in the areas of financial services and healthcare. By combining venture capital with an extensive angel investor network, Florida Funders not only provides financial backing but also offers valuable mentorship and operational support to help startups scale effectively.
Florida Funders has built a diverse portfolio of over 100 companies across various sectors, showcasing its commitment to supporting innovative startups. Notable investments include Worth AI, a company specializing in artificial intelligence solutions; Flex, which focuses on flexible work solutions; Manifest, a digital health platform; and Betr, a company operating in the sports and entertainment sector. The portfolio spans industries such as ad tech, aerospace, artificial intelligence, cybersecurity, digital health, e-commerce, education technology, fintech, insurtech, and web3. This broad investment strategy reflects Florida Funders' goal of fostering innovation across multiple domains while addressing the unique challenges faced by early-stage companies. The firm’s active engagement in deploying capital and supporting its portfolio companies has positioned it as a key player in the venture capital landscape.
Tom Wallace - Co-founder and Managing Partner, Tom has extensive experience as a tech entrepreneur and investor, focusing on early-stage startups in Florida.
Marc Blumenthal - Co-founder and Managing Partner, Marc brings a wealth of knowledge in venture capital and startup growth, with a strong emphasis on supporting B2B tech companies.
To pitch Florida Funders, visit their pitch page at floridafunders.com/how-to-invest. They welcome pitches that clearly articulate your business model and market opportunity. The firm prefers detailed submissions that highlight the team’s strengths and the unique value proposition of your startup.
Florida Funders has recently invested in Iris, a New York City-based AI-powered RFP automation platform, marking a strategic move into generative AI. The firm has partnered with Dragonfly Operating Partners to enhance portfolio growth support. Additionally, Florida Funders is in the process of filing for Fund III with the SEC, targeting a close of $75-100 million, further solidifying its commitment to early-stage investments.
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