Florida is home to 16 unicorn startups, with a diverse mix of industries from sports retail to blockchain technology. This group is led by companies like sports merchandise retailer Fanatics, valued at $31 billion, and the augmented reality firm Magic Leap, which has raised $4.3 billion in funding.
The state's recent growth is highlighted by newer companies such as Yuga Labs, which reached a $4 billion valuation just a year after its 2021 founding.
Below is the full list of 16 Florida unicorn startups at this time.
Top 10 Most Valuable Florida Unicorns
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2,189 Accelerators & Incubators
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1,600+ Unicorns
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250 BioTech & Health Investors
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250 AI Investors
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250 Fintech Investors
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Get the Sheet for $50Fanatics designs, manufactures, and sells licensed fan gear, jerseys, and collectibles for sports fans around the world. Their business is built on a massive e-commerce operation and exclusive partnerships with major professional sports leagues and teams.
| Valuation | $31B (Joined June 2012) |
| Year Founded | 2002 |
| Founders | Alan Trager, Jason Watkins, Josh Luber, Michael Rubin, Mitch Trager |
| Funding Amount | $4.9B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Andreessen Horowitz, Franklin Templeton, Bank of America, Insight Partners, BlackRock |
Yuga Labs builds worlds on the blockchain and is best known for creating the Bored Ape Yacht Club NFT collection. They are expanding this digital collectibles ecosystem into a gamified metaverse called Otherside.
| Valuation | $4B (Joined March 2022) |
| Year Founded | 2021 |
| Founders | Greg Solano, Wylie Aronow |
| Funding Amount | $450M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Seed |
| Top Investors | Lightspeed Venture Partners, Coinbase, MoonPay, Samsung NEXT, Bond |
Vultr operates a global cloud infrastructure platform, offering developers on-demand access to the latest NVIDIA and AMD GPUs. Their service is designed to power high-performance applications and AI workloads across 32 worldwide data centers.
| Valuation | $4B (Joined December 2024) |
| Year Founded | 2014 |
| Founders | David Aninowsky |
| Funding Amount | $662M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Private Equity |
| Top Investors | Goldman Sachs, Wells Fargo, Citi, JP Morgan Chase, Bank of America |
ReliaQuest developed the GreyMatter platform to give security teams a unified view of their operations. Their technology provides continuous visibility and automation to help companies measure and respond to threats across their entire security landscape.
| Valuation | $3.4B (Joined December 2021) |
| Year Founded | 2007 |
| Founders | Brian Murphy |
| Funding Amount | $830M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Ten Eleven Ventures, Kohlberg Kravis Roberts, FTV Capital, Finback Investment Partners, EQT |
Flow is creating a branded residential real estate company focused on community and the resident experience. They operate their own properties and provide a tech-enabled living environment with integrated lifestyle and financial services.
| Valuation | $3B (Joined August 2022) |
| Year Founded | 2022 |
| Founders | Adam Neumann |
| Funding Amount | $450M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Andreessen Horowitz |
Syniverse operates a global communications platform that powers mobile messaging and connectivity for businesses. They enable enterprises and service providers to securely engage with customers across the world's mobile networks.
| Valuation | $3B |
| Year Founded | 1987 |
| Founders | — |
| Funding Amount | $777.5M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Corporate Round |
| Top Investors | Twilio |
Kaseya builds a unified platform for IT and security management designed for managed service providers and internal IT teams. Their IT Complete platform combines remote monitoring, security, and backup solutions into a single interface to help professionals manage complex infrastructures.
| Valuation | $2B (Joined March 2019) |
| Year Founded | 2000 |
| Founders | Fred Voccola |
| Funding Amount | $546.8M |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Venture Round |
| Top Investors | Insight Partners, Whitman Capital, TPG, Kanwal Rekhi, Ireland Strategic Investment Fund |
Magic Leap develops wearable augmented reality technology that blends digital visuals with the real world. They are recognized for creating cinematic, interactive experiences that allow users to engage with 3D content in their physical environment.
| Valuation | $2B (Joined October 2014) |
| Year Founded | 2010 |
| Founders | Brian Schowengerdt, Rony Abovitz |
| Funding Amount | $4.3B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | Andreessen Horowitz, Wellington Management, Temasek Holdings, Kleiner Perkins, Morgan Stanley |
Jeeves built an all-in-one finance platform for companies that operate globally. Their system simplifies expense management by combining corporate cards, vendor payments, and cross-border transactions into a single place.
| Valuation | $2B |
| Year Founded | 2019 |
| Founders | Dileep Thazhmon, Sherwin Gandhi |
| Funding Amount | $443M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | Gaingels, Tribe Capital, Andreessen Horowitz, Y Combinator, Alumni Ventures |
Material Bank built a marketplace for architects and designers to source and sample materials from hundreds of leading brands. Their platform is known for streamlining the discovery process, allowing professionals to order from many manufacturers and receive everything in a single, consolidated shipment.
| Valuation | $2B (Joined May 2022) |
| Year Founded | 2018 |
| Founders | Adam Sandow |
| Funding Amount | $323.2M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Fifth Wall, General Catalyst, Bond, FJ Labs, Bain Capital Ventures |
The Remaining 6 Unicorns Founded in Florida
The ten most valuable companies are just one part of Florida's growing startup scene. The remaining unicorns have collectively raised over $2.5 billion, spanning industries from healthcare and fintech to AI.
Some are newer companies, while others have been building for more than a decade. Here is a look at the other unicorns helping to define Florida's business landscape.
