VC funding soars in Florida led by two Miami companies

VC funding soars in Florida, powered by Open English’s results - Business - MiamiHerald.com: Venture capital funding in Florida soared in the second quarter of 2013, thanks to large investments in two Miami-based companies. According to findings of the MoneyTree Report  . . . investment in the state totaled $155.8 million, up from just $11.29 million in the first quarter and the highest amount recorded in the survey since the third quarter of 2007. Florida’s total was powered by the $65 million Series D round in Open English — the 7th largest investment in the country — and the $20 million round in CareCloud, the top two investments in the state. . . . According to the survey, 14 Florida companies received venture capital in the second quarter, up from six in the first quarter and the highest number in more than two years. . . ." MoneyTree Report results are available on www.pwcmoneytree.com and www.nvca.org

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