Startup funding in the penultimate week of February 2024 fell about 32% from the same period a year ago, totalling $83 million across 20 different deals. Companies in seed, early and late-stages had raised about $122 million from 26 rounds in the period from February 17 to February 23, 2023, as per data from Tracxn.
Startup funding in the penultimate week of February 2024 fell about 32% from the same period a year ago, totalling $83 million across 20 different deals. Companies in seed, early and late-stages had raised about $122 million from 26 rounds in the period from February 17 to February 23, 2023, as per data from Tracxn.
Startup funding in the third week of February 2024 rose by about 77% from the same week a year ago, totaling $143.6 million across 21 different deals. Companies across seed, early, and late-stages had raised about $81 million from 32 rounds in the period from February 10 to February 16, 2023, as per data from Tracxn.
The most significant amount of capital raised in the week was in early-stage funding, at about $67 million, accounting for 71.4% of the overall deal value. This was followed by $15 million in the late stage, commanding 16%.
Investments in startups dropped about 70% on year due to the funding squeeze, totaling $102.1 million across 26 different deals. Companies raised about $288 million from January 6 to 12, 2023.