ETtech Deals Digest: August startup funding down nearly 70%; bleakest month in over a year

Venture capital funding in technology startups recorded the lowest monthly tally in well over a year, in total value terms, with $458 million having been deployed across 79 funding rounds in August 2023.

The figure is an almost 68% plunge from the $1.4 billion that venture capital firms deployed across 263 rounds in August 2022. Volume-wise, it’s a nearly 70% crash.