1、GRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONBIG LOGOS SPACINGLaunch report26 October 2023FINTECHIMPACTMRKTPLCSFOODTECHDEALROOMSIGNALTitle H1SubtitleParagraphValuesCaptionCall to actionCall to actionTitle AdsCover TtlQuoteWit titleNNNNLOOK DOWN BELOWThe Miami Tech

2、 Ecosystemhttps:/ by Page/2 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION0Introduction1The rise of Miamis tech ecosystem2The current sentiment3Looking aheadPage/3 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN

3、CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDESIGN CONTENTDESIGN CONTENTThe Hub of Miami TechTech ecosystem intelligenceDealroom.co is a global intelligence platform for discovering and tracking the most promising companies,technologies and ecosystems.Clients include many o

4、f the worlds foremost organizations such as Sequoia,Accel,Index Ventures,McKinsey,BCG,Deloitte,Google,AWS,Microsoft,Stripe.Dealroom partners closely with local tech ecosystem development agencies and enablers,to create a comprehensive multi-dimensional blueprint of the tech ecosystem,including capit

5、al,talent,innovation,entrepreneurship and overall economic dynamism.Founded in 2006,Refresh Miami is the oldest and largest tech and startup community in Miami with over 15,500 members.With a mission to educate,inspire,connect and grow the South Florida tech and startup ecosystem;Refresh delivers Mi

6、amis technology news daily,produces events with top-notch speakers in tech,curates introductions amongst its members,and hosts a job board and tech talent network.Refresh provides strategic partnership opportunities for companies looking to grow their presence locally,and plays a key role in conveni

7、ng leaders with a vision of making technology opportunities accessible to all.Page/4 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONMiami has a new startup database.Launching the most comprehensive open-access dataset on

8、the Miami tech ecosystem.300+Series A+stage companies1.3K+Seed stage companies4K+funding rounds1K+Bootstrapped companies4K+Organizations mapped2,500 funded companies,mapped across a detailed industry taxonomy.Discover bootstrapped companies with the Dealroom Signal,a predictive algorithm to surface

9、the most promising companies.Startup teams can claim/add their company profile to raise their visibility in the Miami Tech Ecosystem.Add my startup Page/7 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION0Introduction1The r

10、ise of Miami tech2Miami tech today3Open-access startup databasePage/8 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONMiami is a$175 billion tech ecosystem thats developing rapidly.View live Source:Dealroom.c

11、o.|Created with datawrapper.de.Note:Spike in value as of 2021 is mostly caused by Chewy,which at peak had a market cap of$49 billion,and today$78 billion.Source:27%14%8%25%13%14%The combined enterprise value of Miami startups in 2023Page/9 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONT

12、ENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION1%of Miamiecosystem value12%of Miamiecosystem value13%of Miamiecosystem value37%of Miamiecosystem valueMiamis tech ecosystem is distributed around four main hubs,which together comprise a metro area of 6 million people.N

13、umber of VC-backed startups by zip code(Series A or higher)MiamiFort LauderdaleWest Palm BeachBoca RatonLogosCelciusLogosNotable companiesNotable companiesNotable companiesNotable companiesE V E A I R M O B I L I T Y Page/10 InfoCert Casavo Prima.itBending Spoons$250m+$100250m$40100m(series C)$1540m

14、(series B)$415m(series A)$14m(seed)$01m(pre-seed)GrowthBreakoutEarly2018Q4Q32020Q4Q3Q2Q12021Q4Q3Q2Q12022Q4Q3Q2Q120232019Q4Q3Q2Q1Q3Q2Q1Investment into Miami startups is expected to reach$1.6 billion this year a record relative to pre-pandemic levels,despite the absence of late stage rounds.VC investm

15、ent into Miami startups$200M$800M$600M$400M Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1201820192020202120222023 YTDEarly stage$415m(series A)$14m(seed)$01m(pre-seed)Late stage$250m+$100250mBreakout stage$40100m(series C)$1540m(series B)AnnualizedDealroom.co.|Created with datawrapper.deSource:Page/11 Sour

16、ce:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2$415m(series A)$14m(seed)$01m(pre-seed)$100250m$250m+Late-stage investing has dried up in 2023 so far$40100m(series C)$1540m(series B)Breakout stage is at 3x

17、 pre-pandemic levelsEarly-stage investing has continued going strongDealroom.co|Created with datawrapper.deData as of Q3 2023.*Full year 2023 based on projections from 2023 H1 data.full year estimatefull year estimatefull year estimatePage/12 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN C

18、ONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONDealroom.co.|Created with datawrapper.de*Full year 2023 based on projections from 2023 H1 data.20132014201520162017201820192020202120222023YTDInvestment in Miami startups outpaces the US,especially where it matters mo

19、st,at the early stage.2013 VC investment as 100 index14x12x10 x8x6x4x2x1xModel:https:/ less10 x7.2xafsgaSource:Miami vs United States VC investment growthAnnualizedEarly-stage includes Pre-seed,Seed and Series APage/13 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR

20、/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2#5 by the number of VC rounds in 2023#8 by early stage VC in 2023($115M rounds)#9 by VC investment20212023 YTDDealroom.co|Created with datawrapper.deData as of Q3 2023.*Full year 2023 based on projections from 2023 H1 data.full year e

21、stimatePage/14 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONMiami has steadily climbed the ranks,becoming a major tech hub in the US.Miamis rank in the US by number of venture capital roundsDealroom.co.|Cr

22、eated with datawrapper.deSource:#5Page/15 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONMiami is earlier in the development of its tech ecosystem,but on a much steeper growth trajectory than nearly all of i

23、ts peers.Cumulative number of unicorns per Metro Area(log scale)Dealroom.co.|Created with datawrapper.deSource:MiamiNew YorkSeattleBay AreaBostonLAMiamiNew YorkSeattleBay AreaBostonLAPage/16 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EX

24、TRA CONTENT/SOURCES/INSPIRATIONMiami is punching above its weight,relative to its total tech infrastructure.CHARTModelMulti-facetted benchmarking of selected US ecosystemsDealroom.co.|Created with datawrapper.deSource:This chart shows preliminary benchmarking based a 360-degree benchmarking done by

25、Dealroom in Dec 2022.Post launch of the ecosystem platform we expect to do a more refined version of this benchmarking based on multiple dimensions.Page/17 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION0Introduction1The

26、rise of Miami tech2Miami tech today3Open-access startup databasePage/18 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2MetaverseHR TechInsurtechHealth&Biotech Web 3D2C FoodGenerative AICybersecurityMo

27、bilityB2B Fintech*B2B BankingProptechMiami now counts 21 unicorns and$1B+exits,across a variety of segments.Dealroom.co.|Created with datawrapper.de *Citadel Securities received an investment from Sequoia View online Page/19 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACI

28、NGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 22017201820192020202120222023Dealroom.co.Celsius became a$1B company in 2020 when it was already public.Source:Miami has a track record when it comes to big exits.CompanyDateAmount at exitAcquirerMost recent valuationTypeMagic Le

29、apDec 2022450mPIF Public Investment Fund$2bBuyoutJet SmarterApr 2019N/AVista Global$1.5bAcquisitionUltimate SoftwareFeb 2019$11.0bHellman&Friedman$22bAcquisitionCyxteraMay 20172.8bBC Partners,Medina Capital$3.4bBuyoutOasis Outsourcing Apr 2022*$1.2bPaychex$1.2bAcquisitionTechnisysFeb 2022*$1.1bSoFi$

30、1.1bAcquisitionEveriseDec 2020$450mBrookfield Corporation$1bAcquisitionDec 2022$450M Buyout$2B by PIF Feb 2019$11B Buyout by Hellman&Friedman2006Feb 2022$1.1B Buyout by SoFiMay 2017$2.8B Buyout by BC Partners&Medina CapitalApr 2022$1.2B Acquisitionby PaychexDec 2020$450MBuyout by BrookfieldJun 2019$

31、1B$8.8BIPONov 2006$4.6M$6.2M IPOApr 2023$276M$475MSPAC IPOJun 2021$980M$1BIPOCompanyDateValuation at exitTypeChewyJun 2019$7BIPOCelsiusNov 2006N/AIPOAirspanMar 2021$822mSPAC IPOEcombustible EnergyNov 2021$805mSPAC IPOInfinite WorldDec 2021$700mSPAC IPOSunergy RenewablesApr 2023$475mSPAC IPOCaremaxJu

32、n 2021N/AIPOMar 2021$100M$822MSPAC IPODec 2021$144M$700MSPAC IPONov 2021$100M$805MSPAC IPOPage/20 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 220132014201520162017201820192020202120222023&15 others&

33、18 others&4 others&3 othersCitadel SecuritiesKalshiOutsmartlyFeatheryFeathery&4 othersView alumni startups&othersSuccess breeds success:Miami unicorns have produced dozens of alumni founders who together created$4.5B in value.Dealroom.co.Startups founded by former employees of Miami unicornsPage/21

34、LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONSource:Dealroom.coAn impressive list of startups are locating to Miami.B:A London-based cryptocurrency exchange that moved its U.S.headquarters from New York Ci

35、ty to the Brickell Financial District in June 20211.House of Wise:A women-focused CBD brand that launched in Miami in 2021 after its founder Amanda Goetz moved from North Carolina1.Novo:A digital banking platform for businesses that moved its headquarters from New York City to Brickell after raising

36、$40.7 million in a Series A round in 20211.OpenStore:A platform that buys e-commerce businesses,founded by venture capitalists Keith Rabois and Jack Abraham,who both relocated from California to Miami in 202023.Pipe:A fintech startup that provides financing for recurring revenue streams,founded by H

37、arry Hurst,Josh Mangel and Zain Allarakhia,who moved their company from California to Miami during the pandemic3.Jeeves is a fintech startup that provides international banking infrastructure for global startups1.It moved its headquarters from New York City to Miami in 2021 after raising$180 million

38、 in a Series C round at a valuation of$2.1 billion23.Some other startups that have moved entirely or partially to Miami are:Papa:A platform that connects older adults and families with companions,or“Pals,”who provide socialization,household assistance and technology support4.It moved its headquarter

39、s from San Francisco to Miami in 2020 after raising$18 million in a Series B round5.Brainly:A peer-to-peer learning platform for students,parents and teachers that has over 350 million users worldwide.It opened a new office in Miami in 2020 as part of its expansion plans in the U.S.market.Nearpod:An

40、 edtech company that provides interactive learning experiences for K-12 students and teachers.It moved its headquarters from Fort Lauderdale to Miami in 2019 after raising$21 million in a Series B round.TheVentureCity:A venture capital firm and accelerator that supports early-stage startups with glo

41、bal ambitions.It was founded in Miami in 2017 by former executives from Facebook,Google and eBay,and has offices in Madrid,San Francisco and Singapore.https:/app.dealroom.co/companies/f/founding_regions/not_Greater%20Miami%2C%20Florida/regions/anyof_Greater%20Miami%2C%20Florida?applyDefaultFilters=t

42、rue&selectedColumns=name%2CstartupRankingRating%2CcompanyMarket%2Ctype%2CcompanyEmployees%2ChqLocations%2ClaunchDate%2Cvaluation%2CtotalFunding%2ClastFundingEnhanced%2CtotalJobsAvailable%2CjobRoles%2Crevenue%2CcompanyStatus%2CgrowthStage%2CcompanyWebVisits%2CpastFounders%2CpastFoundersRaised10m%2Cfo

43、undersScoreCumulated%2CcompanyWebVisitsRank%2CcompanyEmployeesRank%2CmatchingScore%2CinnovationCorporateRank%2CkpiSharePrice%2CkpiMarketCap%2CkpiMarketFirm%2CkpiEvRevenue2020%2CkpiEvRevenue2021%2CkpiEvRevenue2022%2CkpiEvEbitda2020%2CkpiEvEbitda2021%2CkpiEvEbitda2022%2CipoDate&sort=-startup_ranking_r

44、ating New York DubaiBay Area Peru Ukraine United Kingdom Armenia CzechiaRio de JaneiroSeattleDallasStrongsville LatviaPage/22 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONSaaS has become the predominant st

45、artup type in Miami.Dealroom.co.Created with datawrapper.deSource:Venture capital investment by business model type(%allocation of invested amount)view onlineView online Page/23 Source:EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CO

46、NTENTFOOTERGRAPH 1GRAPH 2CRM&SalesProptechHealth PlatformClean EnergyCybersecurityPaymentsCrypto&DeFieCommerce SolutionsBiotechnologyInnovative FoodMobilityConstruction TechView online Startups that raised in 2023:a wide variety of software verticals,ranging from Biotech to Clean Energy,from Proptec

47、h to Mobility.Page/24 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONMost funded verticals in 2023 include Wealth Management,Lending,and Digital Healthcare.Investment by segment in 2023 Dealroom.co.|Created

48、with datawrapper.deSource:Page/25 EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2A positive sign:seed and series A rounds are going up in size compared to pre-pandemic.Dealroom.co.|Created with datawrapper.d

49、eSource:Miami Seed roundsMiami Series A roundsPage/26 EXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATIONLOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTERGRAPH 1GRAPH 2Round sizes are on par with other top tech hubs,indicating a well developed ecosystem.Source:Dealroom.co.|

50、Created with datawrapper.deSize of top quartile Seed roundsSize of top quartile Series A roundsPage/27 LOGOS SPACINGYEAR/EXTRA LABELTITLEGRAPH TITLEGRAPH/MAIN CONTENTFOOTEREXTRA CONTENTALIGN HERE EXTRA CONTENT/SOURCES/INSPIRATION0Introduction1The rise of Miami tech2Miami tech ecosystem3Open-access s

51、tartup database Accessible to anyone,to provide data transparency,learn about the ecosystem,measure KPIs,promote startups.Join now with a free account.xA jointly launched dedicated open-access data platform for Miamis tech ecosystem.Visit now Real-time investment statistics on hundreds of segments.T

52、ype and hit enterPaymentsSub-industrySearch for niches in super-granular keywords.energy storageKeywordbiofuelKeywordadvanced materialsKeywordsuperconductorsKeywordgreen blockchainKeywordprecision farmingKeywordvertical farmsKeyword EV charging Keywordfood wasteKeyword Quantum computingKeywordEarly

53、stageBreakout stageLate stageStartup demographics.Note:data for other ecosystem is shown here.Dealroom will publish and analyse this data once the data is more complete.Our aim:track the entire journey of every startup and build as close as possible to a 100%accurate blueprint of the Miami startup e

54、cosystem.By looking at cohorts,progression and outcomes,we can understand where and where the funnel is working,and where the bottlenecks are.Were creating a 360-degree digital blueprint of the tech ecosystem.Its not just about unicorns and venture capital.Dealroom aims to create a multi-dimensional

55、 blueprint with actionable benchmarks,based on innovation,talent,capital,community,and enabling infrastructure Greater Miami Benchmarked ecosystemInnovationStartup formationPatent dataTech stack dataEnabling infrastructureGrant programsUniversities&tech transferR&D centersAcceleratorsCommunityEvents

56、MeetupsAlumni networksCapitalLocal capital,access to international capitalPublic capital marketsExit routesTalent Entrepreneurial talentEngineers&scientistsJob openingsTech stacksPage/32 Miami is in good company joining a global network of tech ecosystems.Create a free account on dealroom.co for more intelligence on startups and tech ecosystems.Measuring to stay at forefront of technological trends and ecosystemsConnecting startup communities through data transparency and connectionsDiscovering promising companies with predictive intelligence,to source deals