ETtech Deals Digest: Startups raise $46 million this week, down 66% on-year

Startups raised around $46 million in the week to 17 February, down 66% from the $135 million secured during the same period last year, according to data intelligence platform Tracxn.

This week’s tally, however, was down 87% from the previous week, when startups raised $370 million.

The number of rounds also decreased this year, with $46 million invested across just 10 deals, compared to $135 million spread over 37 deals last year.