The South Florida region scored more than $1 billion in technology investments last year, according to new data — the most of any metropolitan area in the southeastern U.S.
In a report released Tuesday by eMerge Americas, the Knight Foundation and Florida International University, tech firms in Miami-Dade, Broward, and Palm Beach counties were shown to have recorded deals totaling approximately $1.4 billion.
By dollar volume, it was the 11th-most raised in the nation among metros, and most of any metro in the Southeast. Atlanta was next at $1.1 billion, followed by Durham, N.C., at $746 million; Raleigh, N.C., at $612 million; and Tampa, at $97 million.
By deal count, South Florida’s 2018 total of 128 was also highest among metros in the Southeast, and about even with last year’s 126.
The largest South Florida deal tallied in 2018 was $963 million, raised by Plantation-based augmented reality firm Magic Leap. To date, that company has raised more than $2 billion.
“We believe that Miami is on the cusp of something transformative — and we know the data and trends back it up,” said Felice Gorordo, CEO of eMerge Americas.