As a coastal Florida city, Miami is famous for its pristine beaches. It is also home to the largest cruise ship port in the world, allowing floods of tourists to see the city every year. Miami also has a booming economy, with Miami startups having earnt $1.3B in venture capital in just the first quarter of 2022. It is the top startups leading the path for new Miami business in 2023, making the city hit these monetary heights. With 247.6 startups for every 100,000 residents, Miami startups have to compete in their sectors to make it to be a top startup.
There are schemes in place in Miami to help support new and upcoming entrepreneurs, and turn their businesses into the next top startup. One of these schemes is the Miami Open for Business program. This program aims to help entrepreneurs to build generational wealth, by buying property, equipment, and technology assets, to get the business running. This scheme is funded by a $20 million grant from Wells Fargo, with hopes to aid both small businesses as well as historically underserved nonprofits.
With some iconic art deco buildings forming Miami's skyline, it is no surprise that real estate is a big part of the economy in Miami. In Miami-Dade county, 31,627 were sold in just 2022, and 19,377 condos. Other big industries include hospitality and tourism, finance, and media. There are so many energetic industries thriving in Miami in 2023, so these are the top startups in these industries to follow.
1. Archimedes
Year Founded: 2022
HQ: Miami, Florida, United States
Size: 1-10
Founders: Derek Moen, Oz Rabinovitch, Tomer Mayara
One of Miami's startups that has found itself succeeding through 2022 and 2023 is the fintech company, Archimedes. The company operates in the blockchain and information technology sectors, working as a lending and borrowing platform. Within the platform provided, lenders can earn top of market APY, whilst borrowers can earn up to 10 times on yield-bearing stablecoins. The Top of Market APY is sustainable, and the yield can be multiplied safely and securely.
The company's total funding amount currently stands at $7.3M. This money was raised with support from fourteen investors, including one lead investor. The investors helped raise the total funding amount in just two funding rounds.
2. Moderne
Year Founded: 2020
HQ: Miami, Florida, United States
Size: 11-50
Founders: Jonathan Schneider, Olga Kundzich
Moderne is the next top startup on the list to follow in 2023. It is a cyber security company, developing automated code tools. Operating in the information technology and software sectors, this Miami startup ultimately aims to help its customers to save time. It does this by reducing the thousands of hours of code analysis fixes to just minutes and month-long migration projects into just a few hours of work, with Moderne automates code remediation.
The impressive company has raised a respectable $19.7M in total funding amount. This was made through three funding rounds with the help of nine investors, two being lead investors. One of the investors is Mango Capital, another is Intel Capital. The most recent funding round was closed on the 7th of February, 2023 and was a Series A round of funding.
3. Kocomo
Year Founded: 2021
HQ: Miami, Florida, United States
Size: 1-10
Founders: Brian Requarth, Graciela Arango, Martin Schrimpff, Thomas Baldwin
The next top startup from Miami is Kocomo. Kocomo is a real estate startup which was founded in 2021. It is a prop-tech startup, that uses technology to help make the real estate market easier to navigate for buyers and sellers. Kokomo has created a solution which encourages purchase, by using transparent vertically-integrated solutions in the real estate process. The platform is aimed at second-home buyers, so they can find the perfect holiday home for them, so they can co-own the property they want when on holiday.
Since launching, the top startup has raised a total funding amount of $56M. With sixteen investors, including three lead investors the Miami startup has now completed three funding rounds. The most recent funding round was closed on the 30th of August, 2021.
4. Dexla
Year Founded: 2023
HQ: Miami, Florida, United States
Size: 1-10
Founders: Jade Bates, Tom McDonough
The final top startup on our list to follow in 2023 is the business Dexla. This Miami startup operates in the B2B, information technology, website development, web design, web apps, and software sectors. The company Dexla offers a product development tool which is designed to be used to create core software web-based products. Customers can build designs on their cloud infrastructure, straight from UX designs.
So far, the company has completed only one funding round since launching this year. This funding was from an Angel round which was closed on the third of February, 2023. The company was only founded on the 12th of January, 2023, so is definitely worth following this year.
5. SLUSHY
Year Founded: 2020
HQ: Miami, Florida, United States
Size: 11-50
Founders: David Gross, Fred Spivock, Josh Metz, Sophia Noel
SLUSHY is another top startup to follow in 2023, as it is breaking into the influencer industry which is huge and ever-growing. The Miami startup provides a secure mobile online platform for content creators. This platform then allows content creators to establish their audience, grow their reach, and monetize their audience. The platform is tech-driven and gives creators access to advanced tools such as audience insights so they can see and understand exactly how their audience behaves and what content performs the best.
$4M total funding amount has been raised so far in three funding rounds. Four investors supported the funding rounds, the most recent of which was closed on the 1st of July, 2022, and was a seed round.
6. Recur
Year Founded: 2021
HQ: Miami, Florida, United States
Size: 101-250
Founders: Zach Bruch, Trevor George
Recur is a Miami startup that was founded in 2021 and is still currently headquartered in the city. The company is helping to drive the adoption of Web 3.0 technologies by providing the infrastructure to build Web 3.0 applications. Their builders have a range of features and security plugins to ensure the success of each build launched using their platform, building the future of the internet.
The team at Recur have been very successful in raising startup funding since being founded, with the business raising a total of $55 Million in startup funding. This funding has helped the business to rapidly grow its operations and expand into new markets.
7. Sardine
Year Founded: 2020
HQ: Miami, Florida, United States
Size: 51-100
Founders: Aditya Goel, Soups Ranjan, Zahid Shaikh
Sardine is another great Miami startup to keep an eye on in the next year. It operates in the cryptocurrency, fintech, and fraud detection sectors. The company aims to make the digital economy safer and more secure, so customers can move their money more confidently. It does this by providing fraud prevention and compliance software for its customers. Payments are designed to be fast and risk-free. This in hand will then help Sardine's customers to boost their corporate growth. The powerful API combines risk protection, compliance, and payment solutions in one for ease.
Within five funding rounds, the top startup has raised a total funding amount of $75.6M. This was made with support from a large number of twenty-seven investors. On the 20th of September, 2022, the fintech company closed its most recent round of funding which was a Series B round.
8. Openstore
Year Founded: 2021
HQ: Miami, Florida, United States
Size: 101-250
Founders: Keith Rabois, Jack Abraham, Matt Latner, Jeremy Wood
Openstore is a startup in Miami that was founded in 2021 and is currently based in the Florida city. The company helps qualified Shopify store owners by giving them a better ability to quickly sell their business in as little as two weeks. This makes things a lot easier for store owners as the process of actually selling a Shopify store can be very drawn out and stressful to deal with normally.
The members of the founding team have been very proactive in raising startup funding. Since being founded, the company has managed to raise a total of $137 Million in startup funding. This funding has been used to fuel the company's rapid growth and aggressive expansion into various markets.
9. Oneof
Year Founded: 2021
HQ: Miami, Florida, United States
Size: 51-100
Founders: Lin Dai
Oneof is a startup in Miami that was founded in 2021 and is currently based in the sunny city. The company operates in the blockchain market and has created a marketplace and storage platform for the Web 3.0 ecosystem. This marketplace allows users to buy and sell a variety of NFTs and collections from their favourite creators and celebrities. They're allowing global brands to tap into the power of blockchain and the ecosystem itself.
The company has done a fantastic job of raising startup funding to fuel the growth of the platform. The company managed to raise a total of $63 Million during its first Seed Funding Round in 2021 and this has allowed the business to pursue rapid growth and expansion into the market.
10. Metaversal
Year Founded: 2021
HQ: Miami, Florida, United States
Size: 11-50
Founders: Yossi Hasson
The next Miami startup is Metaversal, a blockchain investment firm. Metaversal opperates in the cryptocurrency market, specialising in non-fungible tokens. The fintech startup is aiming to build one of the most impactful community for virtual currency in the world. Combining an investment arm and a venture studio, the business invests in NFTs as well as bringing new ones to the market for their large and growing community.
Since launching, the top startup has raised an impressive $67.8M in total funding amount. This was made possible with support from eighteen investors, two lead investors. The funding was raised across just two funding rounds, the most recent of which was closed on the 4th of January, 2022.
11. Lula
Year Founded: 2020
HQ: Miami, Florida, United States
Size: 101-250
Founders: Matthew Vega-Sanz, Michael Vega-Sanz
Lula is a Miami startup that was founded in 2020 and currently resides in the Florida city. The company operates in the InsurTech market and provides a suite of tools for insurance companies to maintain an efficient and effective insurance program. They help a variety of businesses with creating these programs such as car rental companies, trucking and logistics firms and many more.
The team at Lula have put the company through a single round of startup funding since being founded. This funding round was a Series A that took place in July 2021 and the business managed to raise a total of $18 Million during this round. This funding has helped the company to significantly grow its headcount and operations.
12. Halborn
Year Founded: 2019
HQ: Miami, Florida, United States
Size: 51-100
Founders: Steven Walbroehl, Rob Behnke
Halborn is a Miami startup that was founded in 2019 and is currently based in the Florida city. The company operates in the cybersecurity market and provides high-quality security solutions specifically for the blockchain. They are already trusted by a range of the world's biggest crypto companies like Solana, Dapper, Thorchain and more. The company is certified by the world's leading cybersecurity qualifiers.
The company has done a great job of raising startup funding since being founded, with the company raising a total of $90 Million. This funding was achieved across a number of funding rounds and with the support of seven investors.
13. TravelX
Year Founded: 2021
HQ: Miami, Florida, United States
Size: 101-250
Founders: Juan Pablo Lafosse
TravelX is a Miami startup that was founded in 2021 and is currently based in the Florida city. The company is bringing the many use cases of crypto and blockchain to the travel and tourism industry. For example airlines are able to increase their operational efficiency and ultimately their bottom line by using the company's technology.
The company has been successful in raising startup funding since being founded, with the company raising a total of $10 Million in funding. This funding was achieved during a single Seed Funding round.
14. Marco
Year Founded: 2019
HQ: Miami, Florida, United States
Size: 11-50
Founders: Jacob Shoihet, Peter Spradling
Marco works within the finance sectors, as it is a commercial lending platform for small to medium sized businesses. The company finance platform is tech-enabled and offers customers with a wide range of financial services and tools. Some of these include factoring, asset-based lending, purchase order financing, and supply chain financing. Marco has a purpose to create better, simpler, quicker, and easier access to financial support for growing businesses, as affordable capital solutions.
In the past few years, the to startup has completed a large number of funding rounds. The eight funding rounds so far have been supported by seventeen investors, six leading investors. Marco has a very impressive total funding amount of $326.4M. The most recent funding round took place as recently as on the 27th of February, 2023.
15. Ostro
Year Founded: 2019
HQ: Miami, Florida, United States
Size: 51-100
Founders: Chaise Feiger, Ahmed Elsayyad, Ryan Junee
Ostro is a Miami startup that was founded in 2019 and is currently based in Miami. The company operates in the life sciences market and helps life sciences providers to stand out from the crowd and connect with their potential customers. They offer personalized engagement so that brands can get ahead of the competition and build trust within their target market.
The team at Ostro have done a very good job of helping the company raise startup funding from investors. Since being founded, the company has managed to raise a total of $45 Million in four years. This is very impressive and has allowed the company to accelerate the growth of its brand.
16. Roami
Year Founded: 2015
HQ: Miami, Florida, United States
Size: 101-250
Founders: Andreas King-Geovanis, Azat Shaidullin, Iskander Karimov
Roami is a startup in Miami that was founded in 2015 and currently makes its home in the Florida city. The company operates in the hospitality industry and was previously known as Sextant Stays, with the business recently announcing its rebrand. The company aims to leverage its advanced technology to compete with industry giants like Airbnb and offer a better service to its customers.
The company has recently completed its first round of startup funding, with the business raising $14 Million to further the growth of the company into new markets during its Series A. It is likely that the business will raise further funding in the future to fuel its ambition of being the best provider of stays in the world.
17. Poolit
Year Founded: 2021
HQ: Miami, Florida, United States
Size: 11-50
Founders: Dakotah Rice
Poolit is a financial technology company from Miami. The startup allows customers to invest in private equity, venture capital, as well as hedge funds. Poolit offers its customers the benefit of having no minimum and no sales loads. The company aims to help customers get the best out of their investment, so with no sales loads, the investment is more attractive. Sale loads are a fee for the transaction that takes place when putting in an investment, so it reduces the size of the investment and cuts down on the returns. So, without sales loads, the investment is bigger.
The Miami startup's current total funding amount sits at $5.3M, raised from just one funding round. The funding was raised by twelve investors, two of which are lead investors. Poolit had its first funding round closed on the 6th of May, 2022, and it was a Seed funding round.
18. The Cobblers
Year Founded: 2020
HQ: Miami, Florida, United States
Size: 51-100
Founders: David Perez, Guillermo Barragan, Rafael de Guzman, Warren Barthes
The next top startup on the list to follow in 2023 is the brilliant consumer goods company The Cobblers. This business is a fashion-tech startup making the fashion world more sustainable. The Cobblers is doing this by cleaning, repairing, restoring, and customising different items of clothing, to reduce textile waste and give our clothes a second life. Items that can be repaired or re-customised include streetwear clothes, technology, shoes such as premium sneakers, handbags, high-quality leather goods and more.
Since launching, this top startup has raised a total amount of $8M in funding. This was made in just one funding round, that took place on the 6th of May, 2022.
19. Fanatiz
Year Founded: 2017
HQ: Miami, Florida, United States
Size: 11-50
Founders: Matias Rivera Larrain
The next top startup on the list to follow in 2023 is the media and entertainment business Fanatiz. It is a streaming platform that provides viewers with access to sports channels and live events and VOD events. The streaming platform can be accessed on a variety of platforms, making it more accessible to a wide audience, and like many streaming platforms, has a selling point for customers of a 7-day free trial, so customers can try it out before spending anything.
In the space of four funding rounds, the Miami startup has raised a total funding amount of $17M. The rounds have been financed by three investors so far, and the most recent funding round was a Series B funding round and closed on the 14th of September, 2021.
20. Kiwibot
Year Founded: 2017
HQ: Miami, Florida, United States
Size: 101-250
Founders: Felipe Chávez Cortés, Jason Oviedo, Sergio Pachón
Kiwibot is a Miami startup that was founded in 2017 and is currently based in the city. The company provides self-driving robots for a range of use cases. For example, universities across the USA have been using their services to run deliveries across campus. They're aiming to make deliveries more convenient for people across the world.
The business has been through a pair of funding rounds since being founded, with the company managing to raise a total of $24 Million from these funding rounds. This funding has been used to develop the company's robots and to improve on their existing designs. The company has also used the funding to fuel its continued growth.
21. Carewell
Year Founded: 2017
HQ: Miami, Florida, United States
Size: 51-100
Founders: Bianca Padilla
Carewell is a startup in Miami that was founded in 2017 and is currently maintaining its headquarters in the city. The company operates in the healthcare market and has created a marketplace for family caregivers, which offers a range of essential healthcare products. Users are then also able to get access to the expertise required to use these products most effectively.
The company has been very successful in raising startup funding since being founded, with the company raising a total of $30 Million to further fuel its ambitions of providing great products and guidance. This funding was achieved across a pair of funding rounds.
FAQs
How Many Startups Are There in Miami?
There are currently more than two thousand startups operating in Miami.
What is the Average Investment in Miami Startups?
The average Seed Round in Miami is worth $750,000 and the average Series A is worth $4.4 Million.
What Startup Industries Are The Strongest in Miami?
The strongest startup ecosystems in Miami are Healthcare, Transportation and IoT and Hardware.
