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ETtech Deals Digest: Startups raise $1 billion this week, nearly double on-year

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Startups raised around $1.03 billion between November 15 and 21, nearly double the $566.2 million secured during the same period last year, driven primarily by the $900 million funding round closed by video generation platform Luma AI.

This week’s funding total was also 82.5% higher than the $172.5 million raised in the previous week.

However, deal activity slowed year-on-year (YoY), with 24 transactions recorded compared to 38 in the same week last year.

Top deals of the week

Luma…

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