Plantation company leads venture capital in South Florida — and it’s not Magic Leap

CarePredict, a Plantation company that developed a wrist-worn health tracker to help protect seniors, raised $9.5 million in the first quarter, the most of any South Florida company.

The Plantation company that most often has led financing in recent years has been Magic Leap, the technology startup that has raised more than $2 billion. The company led 2018 venture capital in the state, but didn’t raise any funds in the first quarter, according to spokeswoman Julia Gaynor.

In South Florida overall, there were five venture capital deals worth $17 million, which compares with seven deals worth $25 million in the same quarter in 2018, according to the MoneyTree Report by auditor PricewaterhouseCoopers.

The financing was led by Secocha Ventures in Miami, Las Olas Venture Capital in Fort Lauderdale, and Startup Health Ventures, which has offices in San Francisco and New York City.