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10 tech startups from Miami to follow

10 tech startups from Miami to follow

Posted by PanamericanWorld on August 10, 2017

Miami Florida, the gateway to the Caribbean and South America for many US-based businesses, drew settlers thousands of years ago. Now the third-tallest skyline in the US, thanks to over 300 high rises, Miami is equal parts businesses and business and beach fun. More people come to metropolitan Miami than to any other city than New York. A major percentage of those visitors are heading out on cruises, since the Port of Miamis is well-known as the Cruise Capital of the World.

The University of Miami and another baker’s dozen of schools graduate about 28,000 students each year. As the fourth-largest urban area of the US, and the site of more international banks than any other city, creativity abounds. Rub money together with lots of educated people and good startups happen.

CareCloud

Photo courtesy: CareCloud

Miami loves retirees, or at least retirees love Miami. With that population comes extra doctors, and CareClouddeveloped in the area to better serve those physicians and all others through a cloud-based Practice Management system with advanced Electronic Health Record capabilities.

Founded by Albert Santalo in January 2009, an angel investor delivered $2.5 million a year later. Another angel placement of $5 million came later that year in October 2010. Intel Capital dropped $20.1 million in Series A funding in September 2011 and another $15 million of Series B bucks in April 2015. A few other placements, including $31.5 million in Series C cash in November 2016 all total up to $128.4 million.

Open English

Photo courtesy: Open English

English-speaking people number between 1 and 1.5 billion, a small percentage of the world’s population that’s around 7.5 billion. While English is the third more popular language (behind Mandarin and Spanish), it’s the global language of business, so Open English uses native English speakers to provide live classes 24×7. So far, about 500,000 students from 40 countries have signed up.

Founded in 2006, when the Internet really started to handle video, Open English received $6 million in Series A money from Flybridge Capital Partners in November 2010. In May 2011, the same group provided $4.25 million in Series B money. Another Series B round totaled $2 million, then Insight Venture Partners lead a group dropping $43 million in Series C money. In April 2013, TCV spoke up with $65 million. That gives a valuation of $350 million thanks to investments totaling over $120 million.

Origis Energy

Photo courtesy: Origis Energy

Miami gets plenty of sun every day, and Origis Energy decided to turn that into electrical power for utilities. So far they have over 100 projects worldwide generating 500+ megawatts to date of developed solar capacity.

Opening up in 2008, Origis Energy, founded by Guy Vanderhaegen and Paul Thiers, set up two investment fund that year and began construction on their first solar project. They finished one of the largest in the US in late 2013, and, perhaps as a result, received $100 million in private equity funding from Baltisse in November 2016.

YellowPepper

Photo courtesy: YellowPepper

For many, especially in South America, a phone is more than a phone, it’s a bank and payment card and cash register. YellowPepper, one of the pioneers in mobile banking and payments, manages their Mexican, Columbian, Ecuador, and Vietnam offices from their Miami headquarters, along with their payment, banking, transfer, and loyalty programs.

Begun in 2004, years before the iPhone appeared, YellowPepper’s work earned $5 million in venture funding from the International Finance Corporation in October 2010, along with another $5 million in Series B money from an unnamed entity. December 2012 arrived with an undisclosed amount of venture funds. Series C cash, $115 million worth, arrived in August 2013 followed by $19 million in February 2014 from LIV Capital. All told, the bank in the phone says more than $44 million total.

Technisys

Photo courtesy: Technisys

Banks have been around for centuries, but digitally-aware and advanced banks remain rare. Technisys helps banks deploy their Cyberbank core and Omnichannel platforms to get them up to speed with today’s digital customer who is demanding better and better digital services.

Founded in 1999, when “digital” pretty much meant mainframe, Technisys grew their customer base across South America. In October 2014, Intel Capital and others deposited $13 million in Series B money. $1 million in Series A money was received in early 2008. The latest check solidified the digital pivot and totaled up to $14 million.

HealthCare.com

Photo courtesy: HealthCare.com

Insurance plans have been in the news quite a bit, but headlines don’t help people who need to find the right plan for them and/or their family. Luckily, HealthCare.com does that. Not the government exchange, HealthCare.com is a privately-held site to help consumers. They also help people search for Medicare Supplement plans.

Started in December 2006 (health care was in the news a lot then, too), HealthCare.com developed their software, website, and comparison platform on their own. In May 21015 three investors provided a healthy $9.27 million in Series A funding.

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