Weekly Startup Funding Highlights: $6.6B Raised Across Various Sectors
Indian startups saw a 90% increase in funding from the previous week, raising $186 million, while seed stage funding in India declined by 64%. Ecommerce and Emerging Market Ventures Indian startups were particularly active, attracting $186 million in funding, marking a 90% increase from the previous week's $98.2 million. Meanwhile, WellBeam garnered $10 million in new funding, bringing its total to $17.7 million.
This past week, startups across various sectors secured a total of $6.6 billion in new funding. The investments spanned numerous industries, showcasing a diverse array of innovative technologies and business models.
Significant Investments in Technology and Energy
Among the notable funding rounds, Gridware received $55 million, bringing its total funding to $97.2 million. The company is focused on enhancing infrastructure through advanced technological solutions. Additionally, Amogy raised $15 million, contributing to a cumulative total of $313.3 million aimed at advancing energy solutions.
Physical Intelligence, a robotics startup now valued at $5.6 billion, raised a substantial $600 million in funding. This round increases its total funding to $1.1 billion. Luma AI, another notable player in the tech sector, secured $900 million, matching Physical Intelligence's total funding.
Healthcare and Financial Sectors Attract Investors
In the healthcare sector, Function Health achieved a significant milestone by raising its total equity funding to $354 million. Meanwhile, WellBeam garnered $10 million in new funding, bringing its total to $17.7 million.
The financial sector also witnessed significant activity. Ramp, a company providing finance solutions, reported a total equity funding of $2.1 billion. At the same time, Federato secured $100 million in funding, underscoring the continued investor interest in financial technology innovations.
Ecommerce and Emerging Market Ventures
Indian startups were particularly active, attracting $186 million in funding, marking a 90% increase from the previous week's $98.2 million. Ecommerce startups were at the forefront, securing $78.8 million. CityMall led the charge with $47 million in Series D funding, while Seekho and FirstClub raised $28 million and $23 million, respectively.
Seed stage startups in India, however, saw a decrease in funding, with six startups raising a total of $2.9 million, a 64% decline from the previous week's $8.1 million.
Global Funding Trends
Globally, other significant funding highlights include Kraken's $800 million, bringing its total funding to $1.3 billion, and RapidSOS raising $100 million to reach a cumulative $455.2 million in funding. Meanwhile, Kalshi attracted $1 billion, and Lambda secured $1.5 billion, with their total equity funding reaching $1.6 billion and $2.4 billion, respectively.
These funding rounds reflect a robust environment for startup investments, with significant capital flowing into promising ventures across a variety of sectors. As startups continue to innovate and expand, investor confidence remains strong, driving substantial financial backing.
Numerous startups received funding, indicating a dynamic and diverse investment landscape.