ETtech Deals Digest: Startups raise $1.06 billion in May, up 12% on-year

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Here’s a summary of the key details regarding the startups that raised funds in May:

1. PB Healthcare Services

  • Funds Raised: $218 million
  • Investors: General Catalyst, PB Fintech, others
  • Startup/Founder: PB Fintech’s affiliate
  • Fundraise Series: Major equity infusion
  • Date: May 2023

2. Porter

  • Funds Raised: $200 million
  • Investors: Kedaara Capital, Wellington Management
  • Startup/Founder: Porter
  • Fundraise Series: N/A (unicorn valuation)
  • Date: May 2023

3. Euler Motors

  • Funds Raised: Approximately $75 million
  • Investors: Hero MotoCorp, British International Investment (BII)
  • Startup/Founder: Euler Motors
  • Fundraise Series: N/A
  • Date: May 2023

4. Citykart

  • Funds Raised: $63 million
  • Investors: TPG NewQuest, A91 Partners
  • Startup/Founder: Citykart
  • Fundraise Series: N/A
  • Date: May 2023

5. Routematic

  • Funds Raised: $40 million
  • Investors: Fullerton Carbon Action Fund, Shift4Good
  • Startup/Founder: Routematic
  • Fundraise Series: Series C
  • Date: May 2023

Summary of Funding Statistics

  • Total Funds Raised in May 2023: Approximately $1.06 billion
  • Number of Rounds: 79
  • Comparison to May 2022: 12% increase from $950 million across 189 rounds

This summary encapsulates the funding activities and participants of interest from the reported timeframe. If you need further details or insights, feel free to ask!

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2025-05-30 15:25:00