Jeff Ransdell, venture capitalist and founder of Rokk3rFuel VC, explains why more and more entrepreneurs are coming to South Florida to build their companies. From electric scooters and facial detection software to the “Uber” of the CPA service, he sheds light on Miami-based startups with global scalability that are poised make waves in the Magic City’s blossoming idea-to-exit ecosystem.
Jeff Ransdell is a venture capitalist building a portfolio of exponential technology companies at Wynwood Arts District-based venture capital firm Rokk3r Fuel ExO, which he founded in 2017 following a departure from the world of private wealth management. Jeff approaches venture capital with a signature “founder focused, investor driven” mindset, shaped by two decades as a top executive of Bank of America Merrill Lynch.
As a managing director and market executive of the financial powerhouse, he managed more than $130 billion of global private client investment assets, a P&L of $2 billion, and over 2,000 employees across the bank’s Southeast Wealth Management Division. His transition to venture capital was motivated by what he saw as mounting evidence that opportunities to shape the economy and capitalize on innovation were steadily shifting from the public markets to the private markets.
In the face of much skepticism, Jeff chose Miami, Florida, as the home base for Rokk3r Fuel, armed with an unparalleled rolodex and emboldened to leverage the city’s untapped resources and advantages. Today, Rokk3r Fuel manages a $200 million fund and has a portfolio of almost a dozen companies, such as HYP3R, AdMobilize, Taxfyle, and Eyrus.
Jeff is regularly called upon to share his insights on the global economy with outlets such as the CNBC, CBS and American City Business Journals.