Brooklyn venture funding at lowest levels since we've been measuring - Technical.ly Brooklyn

Business

Jan. 4, 2018 7:47 am

Brooklyn venture funding at lowest levels since we’ve been measuring

Startups raised just $30.4 million in the fourth quarter of 2017, half of what was raised in that quarter of 2016.

Brooklyn startup fundraising as of Q4 2017.

(Chart by Tyler Woods)

Startup fundraising lagged in the fourth quarter of 2017, its worst since we’ve been tracking it. Admittedly, it’s a small sample: we’ve only done five quarters.

Thirteen startups raised about $30.4 million in Q4, according to an analysis of public SEC filings conducted by Technical.ly.

Just two companies raised more than $5 million, ice cream retailer and Brooklyn Bridge Ventures–backed Ample Hills Creamery and blockchain energy startup LO3 Energy.

The total of $30.4 million is less than half of what was raised in the fourth quarter of 2016, $67 million. It’s down 41 percent compared to the previous quarter of 2017. The median raise amount was $2 million.

Thirteen is the lowest number of raises we’ve seen in a quarter since tracking began.

See previous quarters here: Q3 2017Q2 2017Q1, 2017Q4 2016.

$5M–$10M

Ample Hills Creamery: $7.2 million

LO3 Energy: $5.8 million

$1M–$5M

Sea Bean Goods: $3.3 million

Kitsplit: $3 million

United Wind: $2.6 million

Advertisement

Timber Technologies: $2.3 million

Kadena: $2 million

LiveCare: $1.3 million

Free Play: $1.1 million

$500,000–$1M

Park & Diamond: $750,000

SG Blocks: $550,000

Under $500,000

Cheerity: $153,000

MoxieReader: $150,000

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

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

Baltimore, MD

Terbium Labs

Software 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

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

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