Tallahassee, the capital of Florida, is becoming a thriving startup hub. With hundreds of startups funded in the last three years, it is no wonder there are so many entrepreneurs and venture capital firms moving into the city to boost the startup landscape.

Similarly, a report published in 2016 by Entrepreneur magazine named Tallahassee as one of the top 50 cities to start a business.

Do you also want to secure funding for your business?

Well, there are many ways to find angel investors, but using online platforms and lists remains the best one.

That is why we have prepared the list of the top 7 angel investors in Tallahassee.

Top 7 Angel Investors in Tallahassee

The following list contains some top-ranked venture capital firms in Tallahassee. 

Florida Funders

Website: Florida Funders

Investor Type: Tech

Investment Interests:

Investment Stage: Seed Stage

Awarded as the most active investor by CB Insights, Flordia Funders is one of the top venture capital firms that fund startups all over Florida. The network consists of many investors focusing on the startups with the highest growth potential. Ever since its inception in 2013, Florida Funders has funded more than 110 startups, most related to tech at the seed stage.

Aside from their investments, Florida Funders also organizes many mentorship programs and networking events to boost startup growth in Florida. Currently, the investment range of Florida Funders ranges from 100,000 to 2M, depending on the type of startup. Some of their recent investments are:

Clientbook: Clientbook is a SaaS company. Florida Funders announced a fundraising total of $1,045,000 for Clientbook.

flexEngage: An e-receipt company providing personalized transactional communications and marketing strategies for retail stores.

Global Safety Management: GSM provides SaaS software for companies to create and manage SDS documents. It raised a total of $7.8M in funding over six rounds.

Deep Work Capital

Website: DeepWork Capital

Investor Type: VC Firm

Investment Interests: Venture Capitals

Investment Stage: Seed Stage

Deep Work Capital is an early-stage Venture Capital firm that funds startups in many cities, including Orlando, Miami, and Tallahassee. The network was founded in 2015 by Benjamin Patz, Kathy Chiu, and Mitchel Laskey. After funding startups for nearly a decade, DeepWork Capital has built an experienced network of investors that provide startups with the required capital and guidance.

During the screening tests, DeepWork Capital prioritizes companies with the highest growth potential and funds accordingly. 

The investment range of DeepWork Capital ranges from $1M - $15M, with most of their funding being around $10M. Some of their recent portfolio companies are:

NanoPhotonica: A company that provides innovative nano-materials and fabrication techniques. They have raised a total funding of $9.12M over seven rounds.

HYP Sports: A company that creates and sells sports equipment through online and physical stores.

Global Safety Management: A network of entrepreneurs that provides SaaS software to allow companies to create and manage Safety Data Sheets. GSM has raised $7.8M in funding over six rounds.

Astrocyte Pharmaceuticals: A drug development company dedicated to accelerating the recovery and well-being of brain injury patients. They have raised a total of $31.9M in funding over 11 rounds.

Arsenal Growth

Website: Arsenal Growth – Private Equity Firm

Investor Type: Venture Capital Firm

Investment Interests: Software

Investment Stage: Seed Stage

Arsenal Growth is also a famous venture capital firm headquartered in Orlando. The network was founded in 1999 by the entrepreneur John Trbovich. With more than 15 investors working at the firm, they have funded 50 companies at the seed stage and are ready to fund more deserving startups.

As for their screening tests, Arsenal Growth conducts rigorous screening tests to ensure the most deserving startups make it through. They usually fund startups based on their growth potential and unique market ideas.

Aside from their investments, they also focus on the guidance of startups by arranging workshops and meetings with their portfolio companies. The investment range of Arsenal Growth ranges from $10 - $500M. Some of their portfolio companies are:

Sharecare: Sharecare is a digital health company that helps people manage their health through one application. Sharecare has raised a total of $850M in funding.

Bluetalon: A company that provides data-centric security along with visibility and control at the data layer across Hadoop, Spark, SQL, and Big Data. Bluetalon has raised a total of $27.4M in funding.

Onapsis: A startup that provides cybersecurity and compliance solutions for cloud and on-premise ERP and business-critical applications. Onapsis has raised a total of $115.6M in funding.

Krillion Ventures

Website: Krillion Ventures

Investor Type: Venture Capital Firm

Investment Interests: Healthtech, Fintech and Proptech

Investment Stage: Seed Stage

Krillion Ventures is a venture capital firm that was founded by the investors Jeffery Miller and Melissa Krinzman. Ever since its inception in 2014, Krillion Ventures has funded more than 50 startups, all of them at the seed stage. The network consists of a wide network of investors and mentors that ensure a startup can reach its maximum potential and successfully exit.

As for their screening tests, Krillion Ventures usually invests in tech-related startups that have the potential to solve real-life problems. Once they have funded a startup, Krillion Ventures provides it with access to a wide network of mentors that guide startups through workshops and mentorship programs.

The investment range of Krillion Ventures ranges from $250,000 to several million dollars, depending on the startup. Some of their recent portfolio companies are:

Wyre: Wyre is a developer of a blockchain-based payment platform. The company's platform provides real-time payouts, same-day transfers, and direct-to-bank transfers. Wyre has raised a total of $29.1M in funding.

Scoot Networks: Also known as Scoot or Scoot Rides, it's an American company that provides public electric scooters and electric bicycle-sharing systems. Scoot was the first company to offer electric vehicles for rent through a smartphone app. In 2019, Scoot was acquired by Bird.

Axioma Venture

Website: Axioma Ventures

Investor Type: Venture Capital Firm

Investment Interests: Healthcare and Information Tech

Investment Stage: Seed Stage

Another famous name in the VC community of Tampa is Axioma Ventures, which usually funds tech-related startups. With almost 20 startups funded since their inception in 2017, the network consists of many investors dedicated to supporting deserving startups with potential growth in their related markets.

Axioma Ventures only funds seed-stage startups and provides proper guidance through its experienced network of mentors. Currently, the investment range of Axioma Ventures ranges from $5M - $10M. Some of their recent portfolio companies are:

Hyliion: Hyliion is a provider for the commercial transportation industry. Axioma Ventures has made two investments in Hyliion. The first one was a Series A investment of $21 million.

Bridge Connector: Bridge Connector is a technology company offering data-driven workflow automation. Axioma Ventures has made multiple investments in Bridge Connector. The first one was a seed investment of $4.5 million.

Capital Q Ventures

Website: Capital Q Ventures 

Investor Type: Venture Capital Firm

Investment Interests: Autos

Investment Stage: Seed Stage

Located in Orlando, FL, Capital Q Ventures is a network of experienced investors that provides funding to startups all over Florida. It was founded in 2017 by Michael "Q" Quatrini and has made more than 20 investments, most of them at the seed stage.

Similarly, like many other investors, Capital Q Ventures also takes pride in guiding their portfolio companies. The investment range of Capital Q Ventures ranges from $100,000 to $1M. Notable companies in their portfolio are:

CarLotz: A company that lists new and used cars through an online application.

Tesla Motors: Tesla Inc. is a well-known electric vehicle and clean energy company.

Las Olas Venture Capital Firm

Website: Las Olas Venture Capital 

Investor Type: Venture Capital Firm

Investment Interests: Tech

Investment Stage: Early Stage

Las Olas is one of the most active VC firms in Fort Lauderdale and also funds startups located in Tallahassee. The network was founded by Dean Hatton, Esteban Reyes, Mark Volchek, and Paul Tanner in 2015. With almost 30 funded startups, Las Olas continues to fund more startups and boost the startup landscape.

As for mentorship programs or networking events, Las Olas has been known to host webinars offering their perspectives on various topics, such as effective pitches and tips for term sheets. They also hosted an inaugural CEO Summit event for early-stage B2B technology founders.

They usually invest in early-stage startups with an investment range of $1M - $3M. Some of their famous investments are:

LeaseCake: A real-estate technology company focusing on lease and location management. They raised $3 million in an oversubscribed seed round.

LendingFront: A company that provides banking management services.

Wrap Up

Summing up, Angel Investors can definitely provide a massive boost for your startup.

However, if you are making common mistakes, securing an investment can be quite hard. Just prepare a solid pitch deck, remain confident in your idea, and answer all the questions with market-based stats and fewer blunt claims.

Good Luck!

Frequently Asked Questions