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

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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

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Under $500,000

Concarlo Holdings: $450,000

SponsorUnited: $250,000

Kidfund: $185,000

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