ETtech Deals Digest: Startups raise $221 million this week, down 45% on-year

Startups raised around $221.4 million during the week of June 28 to July 4, marking a 45.1% drop from the $403.1 million raised during the same period last year, according to data from Tracxn.

The amount also marked a 19.9% decrease over the $276.3 million raised last week.

Deal activity, too, remained muted this week, with 19 transactions recorded during the period. This was less than half of the 48 deals seen in the corresponding week last year.