ETtech Deals Digest: Startups raise $297.5 million this week, up 208% on-year

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Startups raised around $297.5 million between November 1 and 7, a huge 208% increase from the $96.3 million raised during the same period of the previous year, according to data from Tracxn.

However, the funding amount was 33% less than the $446 million of the previous week.

Deal activity, however, fell on a year-on-year (YoY) basis, with 22 transactions recorded this week compared with 36 a year earlier.

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MoEngage: Enterprise software-as-a-service (SaaS) company MoEngage closed a $100 million…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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ETtech Deals Digest: Startups raise $297.5 million this week, up 208% on-year


Startups raised around $297.5 million between November 1 and 7, a huge 208% increase from the $96.3 million raised during the same period of the previous year, according to data from Tracxn.

However, the funding amount was 33% less than the $446 million of the previous week.

Deal activity, however, fell on a year-on-year (YoY) basis, with 22 transactions recorded this week compared with 36 a year earlier.

Top deals

MoEngage: Enterprise software-as-a-service (SaaS) company MoEngage closed a $100 million…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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