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The Florida Growth Fund is a Southwest Florida-based equity fund that provides capital to high-growth regional companies through convertible notes and direct equity investments. The firm primarily targets businesses operating within the technology, space, aerospace, renewable energy, and medical life sciences sectors that demonstrate strong customer acquisition strategies. Operating as a $50 million Regulation D exempt fund, the vehicle plans to back 20 to 25 portfolio companies while taking a maximum ownership stake of ten percent in each entity. The strategy aims to generate five times returns on invested capital within a five-year timeframe by prioritizing local founders. The investment vehicle is currently managed by Frances Ann Capital Partners, succeeding previous leadership by Greg Baty at Montreux Equity Partners. The original state-backed initiative was established in 2008 under the Florida Technology and Growth Act.
Florida Growth Fund has 2 tracked investments across 1 company. The latest tracked deal is $16.0M Other Equity in CallMiner in September 2015.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 15, 2015 | CallMiner | $16.0M Other Equity | Glenn Rieger | Intersouth Partners, Sigma Partners |
| Sep 1, 2015 | CallMiner | $16.0M Series U | Newspring Capital | CRV, Gutbrain Ventures, Intersouth Partners, Sigma Partners |