ETtech Deals Digest: Startups raise $198 million this week, up 28% on-year

Startups raised around $198.2 million between January 31 and February 6, an increase of 28.5% compared to the $154.2 million secured during the same period last year, according to data intelligence platform Tracxn.

This week’s tally was around 94% more than the $102.2 million raised in the previous week this year.

The deal activity also slowed significantly this week, with 27 transactions recorded compared with 51 in the same week last year.