Startup funding plummeted 80% YoY to $58.3 million in ETtech Deals Digest this week 😮

Summary: Exciting Times for Crypto Startups 🚀

Startups have raised approximately $58.3 million in the fourth week of July, reflecting an 80.1% drop compared to last year. With eight funding rounds, there has been a significant decline from the previous year. The top deal of the week was a $30 million funding round by Unimech Aerospace, highlighting the promising developments in the sector.

Startup Funding Trends in July

This week, startups, particularly those in seed and early stages, raised funds through various rounds, showcasing a changing trend in financing activities within the industry. Let’s delve into some of the notable deals that took place this week:

Unimech Aerospace raised $30 million with a post-money valuation of $388.5 million
Wealthtech startup Stable Money secured around $15 million in a Series A round
Flexible workspace provider Incuspaze received $8 million in its initial funding round
D2C luggage brand Nasher Miles garnered $4 million in a bridge round

Exploring the Top Deals of the Week 🌟

Let’s take a closer look at the significant investments made in the crypto startup ecosystem this week:

Unimech Aerospace: The space startup secured $30 million in funding led by Steadview Capital, ValueQuest Scale Fund, and Evolvence India.
Stable Money: Wealthtech startup received around $15 million in a Series A round led by RTP Capital, with Lightspeed India and Matrix Partners also participating.
Incuspaze: Flexible workspace provider raised $8 million in its first funding round, spearheaded by India Inflection Opportunity Fund.
Nasher Miles: D2C luggage brand raised $4 million in a bridge round, with investments coming from Singularity Early Opportunities Fund, Narendra Rathi of SoftBank Vision Fund, and Sulabh Arya of Goldman Sachs Growth Equity.

Hot Take: The Future of Crypto Startups 🔮

In conclusion, it is evident that the crypto startup landscape is evolving rapidly, with notable funding rounds and investments reshaping the industry. Stay tuned for more updates as these startups continue to make waves in the market, showcasing the innovation and potential within the sector.