At Primary Venture Partners’ NYC Summit on Thursday, Rabois claimed that 11% of all seed investments in the United States have come out of Miami, which is “up basically from zero,” and that he hopes to raise that to 20%.
According to PitchBook data, seed investments into Miami startups to date this year accounted for only 2.6% of total U.S. seed investment. In 2023, they accounted for 3.5%.