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The Miami Herald – July 19, 2013

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 from PricewaterhouseCoopers and the National Venture Capital Association released on Friday, 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.

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