Tampa Bay deal momentum is holding strong, according to a new Pitchbook report.
Local companies raised $164 million across 22 deals, the report said. That's the highest Q1 raising for the region since Pitchbook began collecting its data in 2014. It's also the second-highest raising for the region, only behind 2021's Q4, which totaled $184.3 million across 10 deals.
It's a strong showing, as is the region's $11.8 million raised across four exit deals. The report only detailed one exit, however: Largo-based Specificity, which reportedly had a $12 million exit. Notably absent in the roundup was Tampa-based Peerfit, which exited for an undisclosed amount in February.
The rest of the state fared well: Miami-Fort Lauderdale MSA took the largest share of the state's total deals, raising $1.1 billion across 80 deals. Neighboring region Orlando raised $42.3 million for seven deals and the nearby Sarasota MSA raised $20 million across three deals.
The state raised a sizable $1.5 billion across 139 deals.
The top deals in Tampa Bay, according to Pitchbook, are:
- Tampa-based Red Rover, $65 million raised
- Lutz-based Funnel Leasing, $37 million
- Tampa-based Pocket Network, $10 million
- St. Petersburg-based Metaverse Game, $10 million
- Tampa-based Genesis Systems, $9 million
- St. Petersburg-based Dexalot, $7 million
- Tampa-based BlockSpaces, $6 million
- Tampa-based AffordIt, $4 million
- Tampa-based Venuetize, $4 million
- Tampa-based iink Payment, $3 million
