Startups raised around $157.7 million between May 10 and 16, which increased by over two- thirds from the $91.4 million raised during the same period last year.
This also marks a 72% decline from last week’s total of $568.2 million.
Despite the surge in funding value, the number of deals fell to 23 this week, compared to 36 in the year-ago period, according to data from Tracxn. The deals spanned seed, early, and late-stage rounds.
ETtech
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