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


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.

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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:


Touch Press: $8.4 million

Lingo Live Language Services: $6.2 million


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


Massive Science: $550,000


Under $500,000

Concarlo Holdings: $450,000

SponsorUnited: $250,000

Kidfund: $185,000

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