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5 October 2020

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Welcome
Welcome to the weekly edition of the Florida Venture Sourcing newsletter!  Here and on our website you'll find out everything happening in the Florida technology entrepreneurship community. We'll update you on new Florida startups, startup investors, and startup mentors.  Stay informed about all the startup news, events, deals, and jobs in Florida.  Help us grow by newsletter to your interested friends and colleagues.
Weekly Highlights
Highlights from the Florida technology entrepreneurship community:
  • News 
    highlights last week included (please visit our website
    for even more news):
    • Congratulations to:
      • 5 X 5 Technologies, a St. Petersburg drone analytics startup for inspecting and analyzing industrial assets, on closing $3M of a $6M Series B round from Safar Partners Fund.
      • Aegle Therapeutics, a Miami biotechnology startup developing a treatment for a genetic pediatric skin blistering disorder, on closing a $6.5M Series A round from Tellus BioVentures, DEFTA Healthcare Technologies, New World Angels, and DeepWork Capital.
      • PayCargo, a Coral Gables electronic payments firm for freight businesses, on closing a $35M round led by Insight Partners.
         
    • Lawsuits filed against Lockheed Martin - facility on Sandlake Road in Orlando mishandled toxins, creating "environmental nightmare."
    • Cade Museum for Creativity and Invention Cade Prize 2020 winners: First Place, Nutrivert, St. Louis, for its Nutrivert Antibiotic Replacement, Second Place Redhill Scientific, Winter Park, for its Thin Film Plasma Reactors, Third Place - Adaptive Neural Systems Laboratory, Miami, for its Neural-Enabled Prosthetic Hand System, Fourth Place Covanos, Atlanta, for its C-HEART, and Fifth Place - Structured Monitoring Products, Elyria, OH for its VetGuardian.
    • Osceola County narrows search to replace UCF as semiconductor chip research and manufacturing facility BRIDG manager after UCF terminates its agreement with the County.
    • SCP & CO, a Tampa private investment firm, forms SCP & CO Healthcare Acquisition Company with plans to raise $200M in IPO.
    • Boca Raton esports company Simplicity Esports seeks to raise $12.65M with Nasdaq IPO.
    • Miami's Wyncode Academy offers $60K technology education to low-income, underrepresented residents in the South Florida in partnership with the Knight Foundation.
    • Lake Nona's Beep autonomous shuttle startup expanding service to Tampa Bay.
    • Orlando 3D prosthetics maker Limbitless expanding to new lab at Central Florida Research Park.
    • Tampa edtech startup Knack partners with Florida Poly to build STEM skills to help FL high school students stay on track with their studies during the Covid-19 crisis.
    • USF engineering team a semi-finalist for the XPRIZE Rapid Covid Testing competition with its sensor system that can detect levels of volatile organic compounds that are specific to SARS-CoV-2, which caused Covid-19.
    • Tampa laundry startup Washlava sued for unpaid wages after placing employees on salary deferral.
  • Technology entrepreneurship events on our calendar this week (please visit our event page on our website):
     
    • Raising Startup Seed Capital in Florida, Webinar 2 in a Series: Finding and pitching to seed capital investors in Florida, Tuesday 11 am to Noon, virtually. Dennis R. Pape, Ph.D., Cofounder and CEO SeedFundersOrlando and William (Bill) Grimm, Executive-in-Residence for Negotiation and Entrepreneurship at the Rollins College Crummer Graduate School of Business.  The second of 3 1-hour webinars will provide attendees with a basic knowledge of raising startup seed capital in Florida. The information in these webinars will help entrepreneurs, as well as those who advise them, understand how to think about their startups as an investment opportunity for seed capital investors. The webinars include information on how to prepare your startup to raise seed capital, the seed capital investment landscape in Florida, how to pitch your startup, and how to negotiate a deal with seed capital investors.
Interested in more news from the Orlando technology venture community? Subscribe to our Orlando Venture Sourcing newsletter here.

Thanks for your continued support!
 
Dennis R. Pape
Founder
Florida Venture Sourcing
                    
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