Brooklyn startups raised $34 million in the first quarter of 2017 - Technical.ly Brooklyn

Business

Apr. 5, 2017 7:34 am

Brooklyn startups raised $34 million in the first quarter of 2017

Sounds like a lot but, for context, $67 million was raised in the fourth quarter of 2016.
The view from above Brooklyn’s New Lab.

The view from above Brooklyn's New Lab.

(Photo via Vimeo)

Brooklyn startups raised $34 million between Jan. 1 and March 31 of this year, according to a review of public records. Twelve companies raised amounts ranging from $185,000 to $8.4 million.

This is only the second quarter for which we’ve kept track of fundraising amounts, but the total figure raised is well below — nearly half — the fourth quarter of 2016, when $67 million was raised.

Here’s who raised money last quarter:

$5M+

Touch Press: $8.4 million

Lingo Live Language Services: $6.2 million

$1M-$5M

HowGood: $4.2 million

MiMedia: $4.2 million

Interspace Technologies: $3.6 million

Even Financial: $3.3 million

Overtime Sports: $2.3 million

Kinnos: $1 million

$500,000-$1M

Massive Science: $550,000

Advertisement

Under $500,000

Concarlo Holdings: $450,000

SponsorUnited: $250,000

Kidfund: $185,000

-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Could HEVO be Brooklyn’s next unicorn?

Brooklyn fintech startup aims to modernize payroll benefits

Check out the 3 Brooklyn startups featured in WeWork’s new WeMRKT

SPONSORED

Brooklyn

You can win up to $360,000 at the WeWork Creator Awards

Philadelphia, PA - Center City

Odessa

Business Architect

Apply Now

Philadelphia, PA

Vistar Media

Software Engineer

Apply Now

Philadelphia, PA

Vistar Media

QA Engineer

Apply Now

Inside the Brooklyn factory building stackable homes

Funding news about Simile

How to build a life after your daughter is murdered

SPONSORED

Brooklyn

Explore how diverse teams build dynamic products with Dev Bootcamp

Philadelphia

Vistar Media

Sr. Software Engineer

Apply Now

Philadelphia

Vistar Media

Front End Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Brooklyn

Do NOT follow this link or you will be banned from the site!