Stages:

• Early
• Seed

 

Industries:

Information Technology

Life Sciences & Healthcare

Software & Internet

 

Description:

Florida Funders is a hybrid of a venture capital fund and accredited investor crowdfunding platform. Florida Funders sees a large number of deals per month and puts them through a rigorous vetting process to find the very best companies to invest in. At a high level, the company is put through a six-step process that involves a series of pitches to the deal team, the investment mini-committee, and finally to the full investment committee. If a company makes it through those initial steps, terms are then negotiated and heavy due diligence begins. If the company is approved for funding, the company is then handed off to the fundraising team to begin fundraising. Florida Funders typically invests $500K to $750K into Seed or Series A rounds, but often syndicates on deals beyond this amount. After our investment committee has chosen an early stage tech company to invest in, the Florida Funders Investment Fund I, LLC will commit to a portion of the offering (typically 30-50%). Then, the group puts the deal on its portal so accredited investors can review detailed information on the company, as well as relevant transaction details. An accredited investor is defined as an individual who has an income of $200k or more and or a net worth of over $1M excluding primary residence.