(Chart by Tyler Woods)
Five Brooklyn companies raised more than $4 million in the third quarter of 2017, which saw 16 companies raise more than $51 million in total, according to an analysis of public SEC filings conducted by Technical.ly.
Leading the charge were Gimlet Media, which raised nearly $20 million, Square Roots, with $5.6 million, and Cleerly, with $5.5 million.
It’s the third consecutive quarter in which Brooklyn startup investment has risen, and is 15 percent higher than the amount raised in the second quarter.
Many of the companies are new names here, although we’ve certainly written plenty about Gimlet Media over the last year, and have done some work on Square Roots and Dog Parker as well.
Cleerly: $5.5 million
Shape Operating System Industries: $1.6 million