The number of professionally run venture capital firms in Miami can be counted on one hand with fingers left over. This is one of the major reasons that Miami is a city of SMEs and few high tech startups.
A new VC has emerged in Miami, Medina Capital, organized by local Manny Medina who sold his Terremark business to Verizon for $1.4 billion. The new firm will focus on disruptive technology principally in cyber security, cloud computing, big data and storage. The focus is on early stage software companies. Typical investment is $10-20 million over the life of the investment. The firm's focus is not surprising given Medina's background in data centers.
I found the original story on PE Hub.