While 2021 marked record-high fundraising in the region and across the nation, 2022 raises largely kept pace in Tampa Bay.
The Tampa Bay region raised $113 million across 25 deals in Q4, bringing 2022’s total to $543.7 million across 82 deals, according to PitchBook and the National Venture Capital Association’s quarterly report. In comparison, 2021 garnered $558.8 million across 84 deals, and 2020 brought in $257.4 million across 55 deals.
Nationwide, companies raised $238.3 billion from 15,582 deals, down from $344.7 billion from 18,251 deals in 2021. Tampa Bay fell in the middle of the Florida market for funding; Orlando raised $477.1 million in 2022, while Miami raised $5.8 billion.
The Miami region raised the lion’s share of Florida’s total funds. The Sunshine State raised $6.8 billion in 2022, up slightly from 2021’s $6.6 billion raised.
Nationwide, companies raised $238.3 billion from 15,582 deals, down from $344.7 billion from 18,251 deals in 2021.
“Unable to justify the sky-high valuations seen in 2021 and retreating from the ‘growth-at-all-costs’ mindset seen in recent years, many investors are pulling back until the ecosystem returns to a more palatable normal,” PitchBook founder and CEO John Gabbert said in a statement, regarding the nationwide dip. He cited rising interest rates, macroeconomic factors and the slowdown in the public market as additional reasons investments have slowed.
According to the report, Tampa Bay’s 2022 funding was:
You can get a rundown of the region’s top 10 highest-grossing deals of the year here.
