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Out-of-state firms power big Orlando Venture Capital deals (by Alex Soderstrom)

Two Orlando companies combined to raise more venture capital in May than all Central Florida startups raised in the first quarter combined, thanks to out-of-state investment firms.

Boston-based Elephant led a $20 million round for Maitland-based cybersecurity company ThreatLocker Inc., and Santa Clara, California-based Intel Corp.’s Intel Capital co-led a $23 million round for Orlando-based autonomous shuttle firm Beep Inc. 

These deals and other local startup investments are proof Central Florida increasingly is catching the attention of investors in venture capital hubs outside the Sunshine State, Ben Patz, managing partner of Orlando-based venture capital firm DeepWork Capital LLC, told Orlando Business Journal. “It’s absolutely becoming more appealing.”

https://www.bizjournals.com/orlando/news/2021/06/08/out-of-state-firms-power-big-orlando-vc-deals-may.html?utm_source=st&utm_medium=en&utm_campaign=ae&utm_content=or&ana=e_or_ae&j=24090393&senddate=2021-06-08


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