English: The Brooklyn Bridge, seen from Manhattan, New York City. (Photo credit: Wikipedia)
The Venture Capital scene in Brooklyn is becoming more attractive for investors, according to CB Insights. The total funding in the second quarter of 2012 hit a ten quarter high and was twice the level of the next highest quarter for Brooklyn. Also, VC deals came in at a four quarter high mark in Brooklyn.
Although Brooklyn’s VC funding is on the rise, the large majority of VC funding in NY still goes to Manhattan based companies. 84% of dollars and 92% of deals over the last 10 quarters have gone to Manhattan-based companies. In Q2 2012 Manhattan matched its own ten quarter high on a deals basis too.
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