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Tampa Bay among top Florida metros for female-led startup funding


Women Startup
Female-led startups raised more than $400 million over the last three quarters, according to a new Pitchbook report.
Vicki Thompson

Tampa Bay is holding its own when it comes to female-led startups getting funding in the state.

The region raised $512 million across 153 deals through November of this year, according to Pitchbook's "All In: Female Founders in the U.S. VC Ecosystem" report. The state as a whole garnered $3.8 billion invested across 799 deals.

While the numbers are strong, there still is a slowdown in funding female-led startups in general. In 2021, 2.4% of the total available funds went to startups led solely by women.

The San Francisco area took the top spot for female-led teams winning funding, with $62 billion spread across 5,309 deals.

Miami had the most funding in the Sunshine State, with $2.5 billion across 439 deals. Orlando rounded out the top three in Florida with $295 million across 63 deals. Tampa's neighboring Sarasota region had $51 million invested across 13 deals.

Here's more on Tampa Bay's tech scene below:

Of the $512 million invested:

  • $100 million was given to solely female-owned startups across 40 deals
  • $412 million was given to startups that had both female and male owners across 113 deals
  • $81 million across 27 deals came from early VC funding
  • $139 million across 79 deals came from angel/seed funding
  • $296 million across 46 deals came from later VC funding

Tampa Bay industry breakdown

  • Software: $252 million across 64 deals
  • Health care services and systems: $98 million across 31 deals
  • Pharma and bio: $79 million across 15 deals
  • B2B services: $30 million across 11 deals
  • Other: $45 million across 20 deals

Across the nation

  • New York had the second-highest amount of female-led startups receiving funding, with $35 billion spread across 4,894 deals
  • Los Angeles followed, with $16.9 billion across 2,482 deals
  • Boston, San Jose and Seattle-based companies rounded out the top five spots
  • Software startups received the most funding across the nation, garnering $19.3 billion in San Francisco alone

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