Miami

The latest data and trends in Miami's startups, venture capital, exits and innovation.

Raised in Q3 2026
$1.0B
VC funding · closed quarter
Raised in 2026 Q1-3
$2.4B
VC funding · year to date
Combined enterprise value
$739.7B
VC-backed Miami startups · founded 1990+
Unicorns
43
$1B+ valuation or exit

Annual venture capital

Funding into Miami startups has grown nearly tenfold over the past five years, reaching $2.9B in 2025. With $2.4B raised in the first 9 months of 2026, the full year is on track to land at $3.2B, a +13% change versus 2025. The chart below shows annual funding totals; the latest year is annualised from observed-to-date data and represents the renderer's projection, not a closed quarter.

Quarterly venture capital

Yearly totals mask the quarter-by-quarter rhythm. The chart below shows Miami startups funding raised in each of the last 21 complete quarters through Q3 2026. All bars are actual closed-quarter sums, no projections, no in-progress quarters.

Miami venture capital raised by stage

How capital deployed into Miami startups is split across round sizes. In the trailing four quarters, 51% of capital landed in scaleup ($100M+) rounds, 41% in breakout ($15–100M), and 9% across startups (under $15M). Each panel below stacks the canonical sub-bands across Q3 2022 → Q3 2026.

Miami venture capital raised by stage, quarterly

Startup

Breakout

Scaleup

Most active investors in Miami

The most active investors in Miami startups ranked by the number of disclosed VC rounds they've participated in. Y Combinator leads with 53 rounds, followed by Techstars at 42. The table shows the top ten with their firm type, the rounds they've joined and the companies they've backed here (follow-on rounds make the first larger), and headquarters.

Most active Miami investors

#InvestorTypeMiami roundsMiami companiesHQ
1 Accelerator 53 30 San Francisco, United States
2 Accelerator 42 36 New York City, United States
3
Florida Funders
Venture capital 34 20 Tampa, United States
4 Venture capital 32 24 New York City, United States
5
Miami Angels
Angel fund 28 21 Miami, United States
6 Venture capital 27 18 Menlo Park, United States
7
Fuel Venture Capital
Venture capital 25 15 Miami, United States
8 Venture capital 24 16 San Francisco, United States
9 Venture capital 23 12 New York City, United States
10 Venture capital 22 16 Palo Alto, United States

Source: Dealroom.co

Top companies

Two views of leadership in Miami startups: the most-funded companies all-time on the left, and the hottest companies right now by Dealroom Signal on the right. Total-funding figures include all capital sources tracked by Dealroom (VC plus grants, project finance, and other instruments). Signal is Dealroom's live growth ranking, these are the firms with the strongest recent momentum across team, timing, growth, and completeness.

Top funded

All-time total funding (includes non-VC sources)

  1. 1Magic LeapPlantation, United States$3.7B
  2. 2PalantirAventura, United States$2.7B
  3. 3NeueHealthDoral, United States$1.6B
  4. 4Citadel SecuritiesMiami, United States$1.1B
  5. 5OpenEvidenceMiami, United States$1.0B
  6. 6Plant Agricultural SystemsFort Lauderdale, United States$800M
  7. 7KaseyaMiami, United States$699M
  8. 8DomaMiami, United States$478M
  9. 9FlowBay Harbor Islands, United States$450M
  10. 10Yuga LabsCoral Gables, United States$450M

Hottest (Dealroom Signal)

Ranked by Dealroom's growth indicator

  1. 1OpenEvidenceMiami, United States96
  2. 2eMedMiami, United States95
  3. 3VultrWest Palm Beach, United States95
  4. 4FlexMiami, United States95
  5. 5Hydra HostMiami, United States94
  6. 6SyncromuneFort Lauderdale, United States94
  7. 7NodalMiami Beach, United States94
  8. 8FelixMiami, United States93
  9. 9ExowattMiami, United States93
  10. 10Healthy TogetherMiami, United States93

Source: Dealroom.co

Notable rounds

In 2026 Q1-3 (year to date), the largest VC rounds in Miami startups reveal where capital is consolidating. The table below lists the 15 biggest rounds by amount, with date, company, round type, and lead investors; rounds without a public amount sit at the bottom with the amount left blank. Exits sit in the Unicorns & Exits section.

Biggest Miami rounds · Last 12 months to end of Q3 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Sep 2026OpenEvidence$250MLATE VCAndreessen Horowitz, Byers Capital
Jan 2026OpenEvidence$250MSERIES DDST Global, Thrive Capital
Mar 2026eMed$200MSERIES AAon
Oct 2025MDLIVE$200MGROWTH EQUITY VCSBI Group
Oct 2025OpenEvidence$200MSERIES CBlackstone, Bond
Oct 2025BOND$160MGROWTH EQUITY VCKKR
Feb 2026ILiAD Biotechnologies$115MSERIES BRA Capital Management
Sep 2026Jeeves$110MSERIES DCoinFund
Feb 2026Ubicquia$106MSERIES D67 Capital, Marunouchi Innovation Partners
Sep 2026Split Pay$100MSERIES BKhosla Ventures
Jun 2026Hydra Host$100MSERIES AKindred Ventures
Mar 2026OpenFX$94MSERIES AAccel, Atomico
Sep 2026Felix$87MSERIES BAndreessen Horowitz
Feb 2026SynthBee$80MGROWTH EQUITY VCCrosspoint Capital Partners
Aug 2026Exuma Biotech$70MLATE VC

Biggest Miami rounds · 2026 Q1-3 (year to date) (Top 15 rounds)

DateCompanyAmountRoundLead investors
Sep 2026OpenEvidence$250MLATE VCAndreessen Horowitz, Byers Capital
Jan 2026OpenEvidence$250MSERIES DDST Global, Thrive Capital
Mar 2026eMed$200MSERIES AAon
Feb 2026ILiAD Biotechnologies$115MSERIES BRA Capital Management
Sep 2026Jeeves$110MSERIES DCoinFund
Feb 2026Ubicquia$106MSERIES D67 Capital, Marunouchi Innovation Partners
Sep 2026Split Pay$100MSERIES BKhosla Ventures
Jun 2026Hydra Host$100MSERIES AKindred Ventures
Mar 2026OpenFX$94MSERIES AAccel, Atomico
Sep 2026Felix$87MSERIES BAndreessen Horowitz
Feb 2026SynthBee$80MGROWTH EQUITY VCCrosspoint Capital Partners
Aug 2026Exuma Biotech$70MLATE VC
Jul 2026Flex$70MSERIES BThe Halo Fund
Jul 2026State Affairs$70MGROWTH EQUITY VCAdam Hansmann, Alumni Ventures
Jan 2026Indigo$50MSERIES BRubicon Founders

Biggest Miami rounds · Q3 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Sep 2026OpenEvidence$250MLATE VCAndreessen Horowitz, Byers Capital
Sep 2026Jeeves$110MSERIES DCoinFund
Sep 2026Split Pay$100MSERIES BKhosla Ventures
Sep 2026Felix$87MSERIES BAndreessen Horowitz
Aug 2026Exuma Biotech$70MLATE VC
Jul 2026Flex$70MSERIES BThe Halo Fund
Jul 2026State Affairs$70MGROWTH EQUITY VCAdam Hansmann, Alumni Ventures
Jul 2026RapidPulse$48MSERIES BMedtronic, S3 Ventures
Aug 2026TravelX$45MSERIES AKaszeK Ventures
Sep 2026Comp AI$34MSERIES AGrand Ventures, Roo Capital
Aug 2026Maximum$30MSEEDCRV
Jul 2026Pediatrica Health Group$28MSERIES BValspring Capital
Sep 2026Persona AI$10MSEEDVine Ventures
Aug 2026Prosper Health$10MEARLY VCMaverick Ventures
Aug 2026Genera$10MSEEDFirst Round Capital

Source: Dealroom.co · Updated 12 Oct 2026

Unicorns & exits

Miami startups have minted 43 unicorns to date. Dealroom defines a unicorn as a company that has reached a $1B+ valuation or exit (verified and manually reviewed; other lists use different criteria, this is ours). Of those, 7 are decacorns, companies at a $10B+ valuation. The ecosystem also counts 28 thoroughbreds: companies generating $100M+ in revenue (a separate lens from unicorns, with some overlap). The chart below shows the cumulative count climbing each year, with the line tracking new unicorns minted in that year, peaking at 9 in 2021. On exits, the sector has produced 194 tracked exits since 2019 representing $80.9B in disclosed value. Notable exits in the data include Palantir ($22.0B, 2020), followed by NeueHealth ($11.2B, 2021), Ultimate Software ($11.0B, 2019).

The Miami startup funnel

Entrepreneurship is a power law. Of every Miami startup founded, only a fraction attract venture capital, and far fewer climb each successive funding level. This funnel traces VC-backed Miami startups from first cheque through to the rarest valuation outcomes. Mouth figures are annual means (2010–2024); pool stages count VC-backed companies founded since 1990 by total funding.

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… Pool of VC-Backed Startups
$100K+ total funding
Nina Chaloum
Curated byNina ChaloumEcosystems Research Lead, Dealroom

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