Despite a surge in migration to Florida during the pandemic, the state has not established itself as a strong startup hub. In 2025, Florida-based startups have raised approximately $820 million in various funding stages, indicating a potential record low for years. Most funding has been centered around the Miami area, with significant deals including a $108 million Series C for an application performance automation platform and a $100 million round each for community-oriented rental properties and crypto companies focused on environmental projects. However, the state is struggling with unicorn funding, as many previous unicorns have not secured investment recently. Additionally, venture funding in cryptocurrency and blockchain sectors has dipped to only $21 million this year. Despite these setbacks, Florida's warm climate, lack of state income tax, and vibrant cities still position it as a potential up-and-coming startup destination. The state's future remains uncertain as market conditions evolve.

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