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.
Sea Bean Goods: $3.3 million
LiveCare: $1.3 million
Free Play: $1.1 million