Funding value moderates to $212 mn after bumper week

Venture capital and private equity dealmaking activity stabilized over last week, after recording a significant jump in the previous week when it crossed the billion-dollar mark in terms of value.

- Priyal Mahtta Malvika Maloo BENGALURU

Companies raised about $212 million from VC and PE investors last week, compared to about $1.2 billion in the preceding week, which was led by two major deals.

In terms of volume, the week saw 17 transactions compared to the last five-day period's 18. The number has considerably improved from the week before, which saw 10 deals being inked, the lowest activity in recent times.

In the largest deal last week, Nexus-backed Apollo.io, a business-to-business (B2B) sales and intelligence and engagement platform, bagged $100 million in its Series D funding exercise at a valuation of $1.6 billion, almost double its last valuation. Bain Capital Ventures, the venture capital arm of the namesake private equity giant, led the round while existing investors Sequoia Capital, RCLE Tribe Capital and Nexus Venture Partners participated in this round.