Miami startups: crushing it or way behind?
¿Por qué no los dos?
Here's the thing: Miami as a real place for startups is super young. Like less than a decade old, really.
So ranking in the top 10 for early-stage funding stages is a great accomplishment.
But the companies born in Miami are just not old enough to be raising the massive, late-stage rounds necessary to play at the top of the rankings for Series B, C, and beyond.
And of course the money in late stage rounds is often many times larger than the capital invested at early stage. Meaning if you simply rank the ecosystems by total capital invested across all stages, Miami will lag by definition.
If you want to track change in venture, you need to disaggregate by stage. This goes for tracking geo progress like Miami's or demographic shifts like percent of capital raised by women founders.
Hope this helps in your next debate about whether Miami is a startup city 🙏
DISCLOSURE: This communication is on behalf of eShares, Inc. dba Carta, Inc. ("Carta"). This communication is for informational purposes only, and contains general information only. Carta is not, by means of this communication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. Before making any decision or taking any action that may affect your business or interests, you should consult a qualified professional advisor. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein. © 2026 Carta. All rights reserved. Reproduction prohibited.
