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Business Observer Monday, Jun. 11, 2018 5 months ago

Early-stage capital firm expands through partnership

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Florida Funders has partnered with FIBA in Tampa.
Marc Blumenthal, Florida Funders general partner. Courtesy photo.

TAMPA — Florida Funders, a firm providing early-stage capital to Florida technology companies, has launched a partnership with the Florida-Israel Business Accelerator.

FIBA, based in Tampa, supports Israeli growth-stage companies’ entrance in the U.S. market. The agreement with Florida Funders will provide access to the firm’s crowd-funding platform to companies that participate in FIBA’s programs.

The partnership between Florida Funders and FIBA will be formally unveiled at FIBA’s second annual Innovation Fusion on June 13. The event will showcase eight Israeli startup companies to investors and other potential partners in the Tampa Bay area.

“We’re excited to announce our joint venture with FIBA to drive additional growth to the Tampa Bay area, with a focus on Israeli-based startups,” states Marc Blumenthal, Florida Funders general partner, in a press release. “Together, Florida Funders and FIBA have an incredible opportunity to establish a unique platform.”

Innovation Fusion will include guest speakers from two Israeli “unicorn” companies, according to the release: Aron Di Castro of Waze, a GPS navigation app that was acquired by Google for $1.3 billion; and Danny Brigido of Wix, a popular website development platform that has 120 million users worldwide.

“By partnering with Florida Funders, we are positioning FIBA and its startups for growth in the Tampa Bay area,” states FIBA Executive Director Rachel Feinman in the release.

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