A strong quarter of startup fundraising in Brooklyn, with $43 million raised - Technical.ly Brooklyn

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Jul. 25, 2017 8:11 am

A strong quarter of startup fundraising in Brooklyn, with $43 million raised

goTenna and Voodoo Manufacturing led the pack, with $7.5 million and $6.7 million, respectively. The median raise was $1.1 million.

Brooklyn startup fundraising by quarter.

(Chart by Tyler Woods)

Five companies each raised more than $5 million in Brooklyn in the second quarter of 2017, which saw 17 companies raise more than $43 million in total.

Leading companies were goTenna, with $7.5 million, Voodoo Manufacturing, with $6.7 million, AzurRX BioPharma, with $6 million, Propel, with $5.2 million and Remezcla, with $5 million.

The total for the quarter is higher than the first quarter of 2017, when companies raised $34 million. This quarter’s results are lower than the fourth quarter of 2016, when companies raised $67 million. Technical.ly did not keep data before that quarter.

Two of the highest raising companies were on our 2017 realLIST ranking of top Brooklyn startups: Voodoo Manufacturing, which came in at No. 2 and Propel, which was at No. 8.

$5M+

goTenna: $7.5 million

Voodoo Manufacturing: $6.7 million

AzurRX BioPharma: $6 million

Propel: $5.2 million

Remezcla: $5 million

$1M–$5M

Digital Packager: $2.3 million

Remesh: $2.2 million

Pienso: $1.9 million

Othr: $1.2 million

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Simple Health Ventures: $1.1 million

EEVO: $1.1 million

$500,000–$1M

LO3 Energy: $955,000

Kadena: $675,000

Fero Labs: $629,999

Bumpers Media: $500,000

Under $500,000

Topos: $197,000

Nerd Nite Enterprises: $20,000

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