South Florida tech fundings, hires and expansions you missed in February

By Ashley Portero - Senior Reporter

March 01, 2023, 01:00pm EST

February was a busy month for South Florida's tech and innovation sector.

Several companies made headlines for raising money, making key hires or expanding to the region last month, all signs that the Miami-area's tech industry continues to thrive in 2023. Here's a roundup of the stories you may have missed.

Fundings

Miami-based Moderne, a continuous software modernization company, completed a $15 million series A round led by Intel Capital. That brings its total funding to $20 million.
Archimedes Finance secured a $4.9 million seed round led by San Francisco-based Hack VC. The Miami startup lets crypto holders supply and borrow assets at a high yield.

Archimedes Finance

Kiwibot will scale its fleet of last-mile delivery robots after entering a $10 million financing partnership with Kineo Finance, an asset financing group headquartered in Switzerland. The Miami startup, which currently has 540 robots, aims to manufacture thousands more over the next 18 months, said founder and CEO Felipe Chávez.

Kiwibot is a robotic sidewalk delivery startup that recently moved its HQ to Miami

Kiwibot

Miami's Marco Financial entered a $200 million financing deal with MidCap Financial and completed a $8.2 million equity funding round led by Arcadia Funds. The startup facilitates cross-border trade by providing working capital to small- and medium-sized exporters.

Marco Financial founders Peter D. Spradling and Jacob Shoihet

Marco Financial

Hires

Luke Voiles was named CEO of Miami fintech Pipe. Voiles, the former general manager of Square Banking at Block Inc., succeeds co-founders Harry Hurst and Josh Mangel, who resigned from their co-CEO roles last year.

Luke Voiles is the new CEO of Pipe

Pipe

Magic Leap appointed two people to its executive leadership team. The Planation-based augmented reality firm announced its former CMO Daniel Diez is its new Chief Transformation Officer. Human resources veteran Sheri Bernal was named Chief People Officer and will focus on building the company's AR talent pipeline.

Expansions

Saltbox, a startup that provides flexible co-warehousing and logistics for businesses, chose Doral for its first Florida location. The Atlanta-based company opened a 31,000-square foot space at 1701 NW 84th Ave featuring 68 flexible warehouse suites, conference rooms, loading docks and access to freight services.

Saltbox co-founder and CEO Tyler Scriven

LINDSEY ELTINGE

Indiana-based Quiptu launched its online marketplace in Miami, its first foray into Florida. The company, which describes itself as the "Airbnb for outdoor gear," lets users find and rent expensive outdoor gear like kayaks, paddle boards and camping equipment.

Quiptu CEO

Quiptu

Fortuna Investments, a venture capital firm headquartered in Canada, established an office in Miami Beach that will serve as its East Coast hub. The firm plans to invest in space industry companies located in Florida.

Fortuna founder and CEO Justus Parmar

Fortuna Investments

LeverX moved its headquarters from Mountain View, California to downtown Miami. The software company will employ about 30 people at the local office, including its CEO and members of its executive team.

LeverX Group moved its headquarters from Mountain View to Miami in early 2023.

LeverX Group

Miami-based Kaseya will add 3,400 jobs and renovate a new 101,871-square-foot office after it was approved for $4.56 million in economic incentives from Miami-Dade County.