X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ORLANDO-Central Florida’s image as a maturing high-tech investment sector is growing. Six locally-based firms attracted $311 million in venture capital during the third quarter and Florida itself was ranked sixth as a high-tech magnet area, according to a third-quarter analysis by PricewaterhouseCoopers.

Honors for the biggest deal, $156 million, went to NT Corp., a Pensacola, FL firm that creates voice, data and Internet communications products. CAVU Corp., an Orlando wireless Web access provider, won $55 million in a new financing round. TeraNex Corp., a local developer of digital image-conversion technology, picked up $50 million. Terion Inc. of nearby Melbourne, FL also received $50 million. Terion makes mobiles communications for the trucking industry.

In other Florida sectors, the Tampa-St. Petersburg area took in $122.5 million on five deals; South Florida companies attracted $115.6 million in 12 transactions; and Northeast Florida had four deals valued at $12 million.

Thirty-one firms in the state attracted a total $549 million. Florida was ranked behind California, Massachusetts, Texas, Colorado and New York.

Statewide, telecommunications deals came up with the bulk of the new funding, $381 million. Other categories that attracted fresh infusions were business services, $45 million; new media, $39.8 million; health-care services, $37.9 million; medical devices, $35.98 million; industrial, $6 million; biotechnology, $4.47 million; consumer services, $3.5 million; software, $1.8 million; and networking/equipment, $1.64 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.