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Top Miami Startups to Watch (and Work for) in 2023

July 14, 2023
      |      Kieran Ryan
Miami mayor, Francis Suarez, smiling at his desk

My Background

Hi, I'm Kieran! I worked in startups for five years at On Deck and Wefunder. Some of my favorite things that I've worked on during my career include:

  • Wefunder Workaway: 12 founders working on a new idea, 7 days, 1 mansion in Hawaii. One of the teams we picked raised a Series A from Andreessen Horowitz, and two people who met during the trip got married...
  • On Deck: As employee #15, I contributed to the startup's growth from no revenue to a $20 million run rate in less than a year. I led the team that built the admission infrastructure to support and scale ~20 fellowships for founders, capital allocators, operators, and creators.
  • XX: Worked on a pre-YC accelerator program that invested $125K on an MFN SAFE into 8-10 teams per cohort.
  • ODX: Worked on a $100 million accelerator program that invested $125K for 7% into 100s of startups. We partnered with leaders like Flexport to build vertical industry tracks around supply chain & logistics, etc.
  • Ryan Marketing: Created an influencer marketing startup (2 million+ Instagram followers) during college with my twin brother and realized early that monetization for creators was broken. I learned a lot, and it paid enough to cover my schooling, rent, and meals.

The Methodology

I considered several data points to arrive at the startups selected on this list, including company traction, funding raised, valuation, and investors. From my initial list, I then referenced each startup with my personal network to narrow down the list to the one you see below. I take my credibility seriously, so I do not take any money from startups who want to be included on this list to remain impartial. If you want to understand my analysis of startups and prefer long-form content, read my research on the top startups of 2023 afterward.

Papa logo

Papa

Companionship for older adults.

Headquarters

Miami, Florida

Industry

Eldercare, Marketplace

Founded

2017

Funding

$241.2 million

Valuation

$1.4 billion

Traction

  • 69% of Papa members reduce reduced loneliness, 45% better health, and >90% credit Papa as a reason for staying with their current health plan.
  • Papa serves members in all 50+ states.
  • Papa is available to over 65 health plans, including Medicare Advantage and Medicaid.

OpenStore Logo

OpenStore

Get paid for your Shopify store.

Headquarters

Miami, Florida

Industry

E-commerce

Founded

2021

Funding

$150 million

Valuation

$970 million

Traction

  • As of June 2023, OpenStore reported 1.7 million consumers buying from their stores, 40+ Shopify stores in their portfolio, and 100,000+ products across multiple categories.
  • In September 2022, OpenStore reported its acquisition sweet spot as US DTC brands doing between $1 million to $10 million in gross merchandise volume.
Jeeves logo

Jeeves

An all-in-one expense management platform for global businesses.

Headquarters

Miami, Florida

Industry

Fintech

Founded

2020

Funding

$368 million

Valuation

$2.1 billion

Traction

  • More than 5,000 companies in 25+ countries use Jeeves, including Rappi, Bitso, KAVAK, Belvo, Blueground, and Justo.
  • 30% of Jeeves’ customers use multiple features on their products.
  • In March 2023, Jeeves launched Jeeves Pay, the world’s first credit-backed business payments solution.
Nowports logo

Nowports

Centralize your international trade operations.

Headquarters

Miami, Florida

Industry

Supply Chain & Logistics

Founded

2018

Funding

$242.6 million

Valuation

$1.1 billion

Traction

  • Nowports has 4,000+ customers, including Pandora Jewelry, Recsol, Baby Mommas Store, Importadora Travesia del Pacifico Ltda, and Calefactores Pabst Limitada.
  • In Q1 2022, Nowports saw its revenue climb more than 12x YoY. In addition, the company achieved 10x YoY growth in containers shipped, and customers served.
Giraffe360 Logo

Giraffe360

Virtual tour camera for real estate agents.

Headquarters

Miami, Florida

Industry

Hardware, Real Estate

Founded

2016

Funding

$28.3 million

Valuation

Undisclosed

Traction

  • As of June 2023, Giraffe360 has 1,000+ customers, including CBRE, Keller Williams, eXp Realty, Strike, and RE/MAX.
"Faraway" in white on black background

Faraway Games

A game studio that builds and publishes open economy games such as Mini Royale: Nations.

Headquarters

Miami, Florida

Industry

Gaming

Founded

2021

Funding

$30 million

Valuation

Undisclosed

Traction

  • As of May 2023, Faraway Games has launched Mini Royale games: Nations and Faraway Land.
  • As of May 2023, the Faraway Games Discord channel has 54,892 members.
  • As of March 2023, Mini Royale: Nations has ~400,000 monthly active users.
  • As of November 2021, Mini Royale: Nations has ~300,000 monthly active users and ~25,000 daily active users. 
Belong Logo

Belong

Making long-term renting magical for homeowners and residents.

Headquarters

Miami, Florida

Industry

Real Estate, Consumer

Founded

2018

Funding

$138 million

Valuation

Undisclosed

Traction

  • As of June 2023, 1,932 homeowners use Belong.
  • As of June 2023, Belong is operational in California, Florida, and Washington.
Traba in white font on purple background

Traba

A marketplace that connects industrial workers with businesses.

Headquarters

Miami, Florida

Industry

Marketplace

Founded

2021

Funding

$23.6 million

Valuation

$120 million

Traction

  • As of July 2022, Traba had 12,000 workers on the platform and reached 1 million in annualized revenue in 8 months of operation.
Sealance Logo

Sealance

Trust platform for the cryptocurrency industry.

Headquarters

Miami, Florida

Industry

Cryptocurrency, Security & Compliance

Founded

2020

Funding

Undisclosed

Valuation

Undisclosed

Traction

  • In October 2022, Sealance emerged from stealth to announce its Seed round.
Vetcove Logo

Vetcove

Veterinary supply starts here.

Headquarters

Miami, Florida

Industry

Pets, Healthcare

Founded

2015

Funding

$3 million

Valuation

Undisclosed

Traction

  • As of June 2023, Vetcove has 19,000+ veterinary hospital customers and is live in 50 states.
QuickNode Logo

QuickNode

The blockchain development platform.

Headquarters

Miami, Florida

Industry

Cryptocurrency

Founded

2017

Funding

$101.9 million

Valuation

$800 million

Traction

  • As of June 2023, QuickNode handles 200 billion+ API requests monthly and claims a 2.5x faster API response time than competitors.
  • QuickNode customers include Chainlink, Twitter, Adobe, Chainalysis, Phantom, TokenTax, 0x, Dune Analytics, and Bonfida.
  • As of January 2023, QuickNode reported 50,000+ developers on the platform.
  • In Q3 and Q4 of 2022, QuickNode reported 300% revenue growth.
Ontop Logo

Ontop

Manage and pay your international team.

Headquarters

Miami, Florida

Industry

Fintech

Founded

2020

Funding

$35 million

Valuation

Undisclosed

Traction

  • In 2022, Ontop reported 100x revenue growth.
  • As of October 2021, Ontop reported 40% MoM customer and revenue growth.
  • As of October 2021, Ontop reported millions of dollars in monthly transactions and is used in 67 countries.
  • Ontop customers include AB InBev, Teladoc Health, Uala, Rappi, PwC, BrightChamps, Zero-Code, Deca4, and Fanatiz.
Moonshot Brands Logo

Moonshot Brands

Acquires, operates, and grows e-commerce businesses.

Headquarters

Miami, Florida

Industry

E-commerce

Founded

2020

Funding

$160 million

Valuation

Undisclosed

Traction

  • As of March 2022, Moonshot Brands operates nine brands and was on pace to grow to over $100 million in trailing 12 months of growth by the end of 2022.
  • As of June 2021, Moonshot Brands was on a $30 million annual revenue run rate.
Eight Sleep Logo

Eight Sleep

Intelligent sleep tech.

Headquarters

Miami, Florida

Industry

Consumer, Sleep Fitness

Founded

2014

Funding

$162.1 million

Valuation

~$500 million

Traction

  • Eight Sleep customers include Elon Musk (CEO of SpaceX), Kevin Hart (comedian), George Russel (F1 driver), Ryan Murphy (Olympic swimmer), Caleb Martin (NBA basketball player), Patrick Peterson (NFL player), Sidney Crosby (NHL player), and Andrew Huberman (American neuroscientist). 
  • As of August 2021, Eight Sleep reported they were on pace to 3x revenue in 2021 over 2020.
  • Eight Sleep claims users fall asleep 40% faster, get 20% more deep sleep, experience 30% fewer midnight wakeups, and experience 30% fewer tosses and turns.
Pipe Logo

Pipe

Get dilution-free capital with your revenue.

Headquarters

Miami, Florida

Industry

Fintech

Founded

2019

Funding

$316 million

Valuation

$2 billion

Traction

  • Pipe customers include Pave, Love Circular, Visible, Verma Farms & Penguin, Bungalow, Brooks Pest Control, and MUD/WTR.
  • As of May 2021, Pipe has helped 4,000+ companies with $1 billion+ in tradable annual recurring revenue.
  • As of May 2021, Pipe’s customer base comprised 75% SaaS and 25% non-SaaS companies.
MoonPay Logo

MoonPay

Buy and sell Bitcoin, Ethereum, and other cryptos.

Headquarters

Miami, Florida

Industry

Cryptocurrency

Founded

2018

Funding

$647.7 million

Valuation

$3.4 billion

Traction

  • As of June 2023, MoonPay has 15 million users, up from 7 million in November 2021.
  • As of November 2021, MoonPay reported $2 billion+ in transactions processed, 250+ crypto partners, and active in 160 countries.
  • Between November 2019 and November 2021, MoonPay reported 35x transaction growth.
REEF Logo

REEF

An ecosystem of digital solutions that connect goods, services, and experiences to consumers worldwide.

Headquarters

Miami, Florida

Industry

Real Estate

Founded

2013

Funding

$1.5 billion

Valuation

Undisclosed

Traction

  • As of June 2023, REEF has a proximity network of 18,000 employees and 8,000 locations, up from 4,800 locations in November 2020 across 50+ cities in North America, Europe, and the Middle East.
  • REEF’s network includes Quiznos, TGI Fridays, 800 Degrees Pizza, Another Wing, and Waw Bao.
Betr Logo

Betr

The world’s first micro betting app.

Headquarters

Miami, Florida

Industry

Gambling

Founded

2022

Funding

$85 million

Valuation

$300 million

Traction

  • As of July 2023, Betr is live in Ohio and Massachusetts.
  • Betr reported 1.3 billion impressions on social media in the first ten months.
  • As of July 2023, Betr has 173K Instagram followers, 536.4K TikTok followers, 34.9K Youtube subscribers, and 90.8K Twitter followers.
AEXLAB Logo

AEXLAB

Virtual reality game developer.

Headquarters

Miami, Florida

Industry

Gaming, Virtual Reality (VR)

Founded

2015

Funding

$7.4 million

Valuation

Undisclosed

Traction

  • As of July 2023, AEXLAB’s game VAIL VR, a virtual reality multiplayer shooter, has rated 7/10 stars from 685 reviews on Steam.
Taxfyle Logo

Taxfyle

Online accounting services and workforce.

Headquarters

Miami, Florida

Industry

Fintech

Founded

2015

Funding

$27.3 million

Valuation

Undisclosed

Traction

  • As of June 2023, Taxfyle has 4,000+ licensed accounts on the platform, up from 3,700+ in February 2022.
  • As of June 2023, Taxfyle has 100,000+ users and is trusted by 200+ CPA firms.
  • As of June 2023, Taxfyle claims 71% of jobs started in under 2 minutes, a 48-hour average time for completion, and 40% less than retail tax.
  • As of February 2022, Taxfyle reported 200%+ YoY growth since its launch in 2015.
NovoPayment Logo

NovoPayment

API platform to deliver digital financial services.

Headquarters

Miami, Florida

Industry

Fintech

Founded

2007

Funding

$19 million

Valuation

Undisclosed

Traction

  • As of April 2022, NovoPayment has ~50 customers, including Billet, Banco de Bogotá, Lulo Bank, Yuju Pay, kubo.financiero, Zinli, and Banco Codesarrollo.
Unitea Logo

Unitea

A loyalty platform that rewards fans for streaming and sharing the music they love.

Headquarters

Miami, Florida

Industry

Music

Founded

2013

Funding

$7 million

Valuation

Undisclosed

Traction

  • As of July 2023, Unitea has rated 3.5/5 stars from 105 reviews on the Apple App Store and 1.6/5 stars from 35 reviews on the Google Play Store.
  • As of May 2023, Unitea has accomplished 2,000+ reward activations.
Osigu Logo

Osigu

Health revenue cycle management.

Headquarters

Miami, Florida

Industry

Healthcare

Founded

2015

Funding

$16.4 million

Valuation

Undisclosed

Traction

  • Osigu business partners include Docplanner Group, MeetingDoctors, Tonic, Humano Seguros, Alerta Medica, FastFarma, Reliv, and Vitau.

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