ETtech deals digest: Startups raise $342 million this week; up 2.4x on-year

Startups raised around $342.4 million between March 8 and 13, marking an almost 2.4 times increase compared to the same period last year.

This also represents a 31.2% increase from last week’s total of $260.9 million.

This week, startups across various stages, raised funds through 13 deals, compared to 24 deals in the year-ago period, when they raised a total of $143 million, according to data from Tracxn.

Top deals for the week

Zolve: Cross-border financial services platform Zolve secured $251 million in a debt-equity mix funding round led by Creaegis.

Scimplify: Specialty chemicals manufacturing startup Scimplify raised $40 million in a Series B funding round co-led by Accel and existing investor Bertelsmann India Investments.

Infinite Uptime: Industrial analytics startup Infinite Uptime, which helps manufacturers reduce maintenance downtime at their facilities, raised $35 million in a fresh round of funding led by Avataar Ventures.

AmpereHour Energy: Energy storage startup AmpereHour Energy raised $5 million from climate-focused fund Avaana Capital, with participation from UC Impower and some existing angel investors.