Funding / Investing / Startups / Venture capital

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.


Ample Hills Creamery: $7.2 million

LO3 Energy: $5.8 million


Sea Bean Goods: $3.3 million

Kitsplit: $3 million

United Wind: $2.6 million

Timber Technologies: $2.3 million

Kadena: $2 million

LiveCare: $1.3 million

Free Play: $1.1 million


Park & Diamond: $750,000

SG Blocks: $550,000

Under $500,000

Cheerity: $153,000

MoxieReader: $150,000

Series: Brooklyn

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