Q2 could be an even bigger quarter than its record-breaking predecessor.
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Tampa Bay's Q2 held strong in funding deals, following a record-breaking Q1.
The region raised more than $80 million, according to reporting from the Tampa Bay Business Journal and filings with the U.S. Securities and Exchange Commission. It's a large number for a single month by most midsize regional standards.
But it's also half of the funding the region raised in the entirety of Q1, with its $160 million total — proving Q2 could be an even bigger quarter than its record-breaking predecessor.
We've got the deals you might have missed below.
- Coherent, a global company that tapped Tampa as its U.S. headquarters in 2021, closed a $75 million deal. It was led by Maverick Capital. The funding will be used in part to accelerate the hiring process, with officials stating they hope to jump from roughly 19 local employees to 50. Get the story.
- Chattr, a Tampa technology company focused on easing the hiring process, closed a $3.7 million seed round led by Florida Funders. It will be used for growth across the board, including focusing on sales and marketing, product development and growing the support team. The funding comes at an inflection point for Chattr, which Schimpf said grew 1,400% from 2020 to 2021, including racking up a deal with Bealls Inc. Get the latest details.
- According to filings with the U.S. Securities and Exchange Commission, St. Petersburg-based Rowe Research received $2.8 million following $450,000 on April 19 and 4, respectively. The company also has ties to Boca Raton and True Market Insiders, a data and investment education firm.
- Tampa-based Breakout Global Technologies Inc. raised $35,000 from two investors, according to an SEC filing. It had a total amount offering of $5 million and previously raised $50,000 in February of this year. The company offers an audio-centric social network that can create rooms and drop in on audio conversations.
- Dunedin-based Fifty-Fifth Degree raised $116,000 with a $10 million total offering, according to filings. It is the first public investment for the company, which had 26 investors. The company had a previous home base in Orlando.
- Tampa-based PRx Inc. raised $65,000 out of a possible $500,000, according to filings. The round had four investors and is the first public investment for PRx. The company appears to be in stealth mode but states it helps users take the next step toward "zero-loss project management," according to its CEO Joe Wilson.
