ETtech Deals Digest: Startups raise $83 million this week, down 41% on-year

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Startups raised around $83.1 million between September 6 and 12, a 40.8% decrease from the $140.3 million raised during the same period last year, according to data from Tracxn.

The tally was also 53.9% less than the $180.3 million raised the previous week.

Deal activity, too, halved on a year-on-year (YoY) basis, with 21 transactions recorded this week compared with 43 a year earlier.

Top deals of the week:

Tern: Global recruitment platform Tern Group raised $24 million in a funding round led by UK-based Notion Capital. RTP…



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ETtech Deals Digest: Startups raise $83 million this week, down 41% on-year


Startups raised around $83.1 million between September 6 and 12, a 40.8% decrease from the $140.3 million raised during the same period last year, according to data from Tracxn.

The tally was also 53.9% less than the $180.3 million raised the previous week.

Deal activity, too, halved on a year-on-year (YoY) basis, with 21 transactions recorded this week compared with 43 a year earlier.

Top deals of the week:

Tern: Global recruitment platform Tern Group raised $24 million in a funding round led by UK-based Notion Capital. RTP…



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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