Salim Ismail Joins Miami-Based Venture Capital Fund Rokk3r Fuel

  • Ismail previously ran Yahoo! Inc. incubator Brickhouse
  • Florida’s venture capital scene is emerging from obscurity

Salim Ismail, who led Yahoo! Inc.’s internal incubator Brickhouse, is joining Miami-based venture capital company Rokk3r Fuel as a general partner.

Ismail was also behind news aggregation startup Angstro, which he sold to Google Inc. in 2010, Rokk3r said Wednesday in a statement. Rokk3r Fuel started in March and includes Jeff Ransdell, a former managing director with Bank of America Corp.’s Merrill Lynch unit, and software entrepreneur Nabyl Charania.

See Also: Sun, sand, unicorns: making a case for Florida’s tech scene

Florida’s venture capital scene has emerged from relative obscurity in recent years with the help of Magic Leap Inc., a $4.5 billion augmented-reality startup. Still, the state remains a relatively small market compared with the size of its economy.

Ismail is chairman of the Fastrack Institute in Miami and founder of ExO Works, a consulting business, according to the statement. He is also founding executive director of Singularity University, a Silicon Valley-based think tank and business incubator.

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