ETtech Deals Digest: Startups raise $225 million in second week of June, up 22% on-year
Startups secured $225 million in funding across 19 rounds during the second week of June, a 22% year-on-year increase. Hygenco Green Energies led deal activity with a $105 million round for green hydrogen projects.
By ETtech |
ETtech
Startups raised $225 million across 19 rounds in the second week of June, up 22% year-on-year and 39% higher than the previous week. Gurugram-based green hydrogen and green ammonia production and distribution solutions provider Hygenco’s $105 million round led deal activity this week.
Among investors, Finvolve was the most active, participating in deals involving QubeHealth, Integra, and Robotics.
Top deals
Hygenco: Gurugram-based Hygenco Green Energies, founded by Amit Bansal, Anshul Gupta, and Aashish Gupta, has raised $105 million in equity funding from the International Finance Corporation (IFC), Siemens Financial Services, and Fullerton Carbon Action Fund. The round marks the first direct green hydrogen investment in India by all three institutions. IFC is investing $50 million, while Siemens Financial Services will contribute $25 million and Fullerton Carbon Action Fund up to $30 million. The funding will support the development of green hydrogen projects across India.
Coram: San Francisco-based physical security startup Coram AI, founded by Ashesh Jain and Peter Ondruska, has raised $35 million in a funding round co-led by Ansa Capital and Battery Ventures, with participation from UP Partners, 8VC, and Mosaic Ventures. The fresh capital brings the company’s total funding to $66 million. Since its $13.8 million Series A round last year, the company says it has quadrupled its revenue and tripled its customer base. Its platform is now deployed across more than 1,500 locations in the US and Canada.
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Mygate: Bengaluru-based housing society management platform Mygate has secured Rs 225 crore in funding from Dharana Capital, an investor in companies such as Urban Company and Temple. Founded in 2016 by Abhishek Kumar, Vijay Arisetty, and Shreyans Daga, Mygate started as a visitor management app and has since expanded into a broader operating system for gated communities. The company has raised around $84 million to date from investors including Tiger Global, Prime Venture Partners, and Tencent.
