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SoftBank Group Surpasses $100 Million Investment in Miami Start-Ups

After committing $100 million to provide capital to technology start-up companies in the Magic City, SoftBank Group’s Miami initiative recently reached $250 million in funding provided to Miami start-up companies. The investment plan began earlier this year and is part of SoftBank’s $5 billion Latin America Fund created in Miami. 

SoftBank has been providing funding to technology businesses for nearly 40 years. As more enterprises target Miami due to favorable state income taxes and a desired lifestyle, the investment giant isn’t stopping at $250 million as it plans to help the area become the epicenter of technology and business innovation. 

To meet that goal, 12 companies based in Miami or with plans to expand to the area have received part of the $250 million funding. One of the first companies to receive funding was Doral-based Lumu Technologies, a cybersecurity firm. With more allocation planned, the initiative is still seeking emerging businesses in the fintech, blockchain, crypto to education and medical technology, cybersecurity and sleep fitness sectors. To apply, visit here.

 

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.