As the end of the decade nears, November rebounded from a slower October and is looking to end the year on a strong funding note.
While September managed to bring in a whopping $41.9 million, October following with $18.2 million, according to reviews of SEC reports. November brought in over $50 million, according to reports.
We’ve got the November breakdown below.
• Washington D.C.-based Halifax Group invested an undisclosed amount in Clearwater-based AAMP Holdings. The company provides automative technology solutions. AAMP Holdings CEO Jamie Fraser said the funds will be used to expand domestically and internationally.
• On November 6, BodiData, a St. Petersburg-based company that compiles a data set of body measurements from over a million body scans, received $1 million. According to an SEC report, the funding comes from 17 investors. Since 2017, the company has raised over $7M in equity.
• On November 12, Restaurant Magic, a Tampa-based restaurant software company, was acquired for $42 million by New York-based PAR Technology Corp.
The deal is expected to close by the end of Q4 2019. Restaurant Magic will remain in Tampa with no anticipated change to the name, operations or staff.
“Our customers were big enough, demanding things like level one support, which is difficult for a company unless you have some scale,” Kevin Rood, director of product management for Restaurant Magic, told Tampa Bay Inno. “There are solutions and services we can now offer with PAR that make it both an easier and better experience for a restaurant and mutually beneficial for the two products to co-exist.”
• Bridge, the software company with a specialty in the alcohol beverage industry, raised $917,000 from Florida Funders.
The Florida Funders Impact Fund invested $500K, while the Florida Funders’ accredited investor network provided the remainder. Bridge rebranded from Proof Network Ventures in October.
• While not a funding for a local company and therefore not included in the aforementioned $50 million total, it's important to see where investment firms are giving their funds. Weatherford Capital, a Tampa-based private investment firm, completed an investment for $19.1 million in a U.K. company.
CloudFactory, a provider of managed workforce solutions for AI companies, received the completed round Wednesday, according to a press release. Growth equity investment firm FTV Capital led the round.
• H-CYTE, a Tampa-based medtech company with a focus on chronic lung diseases, received $6 million.
The startup received the funding from a group including philanthropists and Tampa natives Rex Farrior and Preston Farrior, as well as Todd Wagner, the co-founder of Broadcast.com. The company owns and operates a slew of medical technology products and services, including treatment for chronic lung disease COPD.
• SKUxchange, a St. Petersburg-based startup, received $360,000 from five investors, according to SEC reports. This is the first investment for the company, which asked for $3 million. The company uses blockchain and its own patent pending technology to streamline promotional offers and avoid offer fraud.
