Florida-based companies are receiving around $89.7 million in venture capital investment, with a large portion going to healthcare-related companies, according to a Miami Herald report.
OrthoSensor, a company focused on smart orthopedic devices, received $19 million while Pure Life Renal of Hollywood, a dialysis company, raised $10.5 million.
Here are five things to know:
1. South Florida healthcare companies received $45.2 million in venture capital funding.
2. Companies that raised a smaller amount include Vigilant BioSciences and USARAD.
3. Life science interests is on the uptick and there is a big increase in platform companies and virtual biotech companies that partner with research organizations instead of establishing their own labs.
4. As an industry with a $3 trillion annual that isn't likely to change quickly, investors see healthcare as a huge opportunity.
5. Nationally, venture capitalists invested $13.4 billion in the first quarter of 2015, covering 1,020 deals. This is down from the fourth quarter of 2014, but the fifth consecutive quarter of more than $10 billion.