Three companies raised $24.2 million.
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While deal flow was steady in May, funding itself dipped in the Tampa Bay region.
Three companies raised $24.2 million, according to reporting from Tampa Bay Inno and filings with the U.S. Securities and Exchange Commission. That's down from the three April deals that garnered $47.7 million and down from more than $37 million in March.
Here's a rundown of deals from April you may have missed.
- Tampa-based edtech startup Knack publicly announced in May the company closed a Series A in July 2022. While the company declined to disclose the amount, filings with the SEC stated Knack received $11.2 million. The funds will go toward sales and marketing efforts as the company continues to target large universities. Get the story.
The Knack team at an annual retreat in fall 2022.
Samyr Qureshi
- St. Petersburg-based 3D Cloud by Marxent, which offers a platform to visualize room designs in a 3D space, has closed a $7.5 million Series D led by ConnectWise co-founder Arnie Bellini. The round is smaller than Marxent's previous raises (a $19 million Series B in 2016 and a $13.4 million Series C in 2021), but Marxent CEO Beck Besecker said that's intentional. Check out why here.
Marxent Labs is a St. Petersburg software company focused on augmented reality and mobile app development.
Alexis Muellner
- A Lakeland-based startup that uses humor and psychology to fight cyber threats has closed a $5.5 million funding round. Hook Security announced the raise Monday morning. The oversubscribed round was led by TampaBay.Ventures, with participation from Orlando-based DeepWork Capital and Colorado-based Stout Street Capital. We've got the details on how the funds will be spent.
Zach Eikenberry, CEO of Hook Security
Hook Security
- St. Pete-based Neptune Flood sold a minority stake in its company to investment firms FTV Capital and Bregal Sagemont. The investment was for an undisclosed amount, with Neptune CEO Trevor Burgess and other management retaining the majority stake. Get the story.
The Neptune Flood team
Neptune Flood
While Tampa General Hospital did not raise funding, it's worth noting it participated in a $9 million funding round for Miami-based HealthSnap. The funding was part of TGH's Innoventures arm, a $15 million investment fund that launched in 2020. Get the latest details.
