Eloelo led deal activity this week with $80 million, as total startup funding came in at $142 million. That is down 35% from the same week a year earlier.
The Eloelo deal was far larger than the rest. Peppermint Robotics was next at $10.6 million, followed by altM at $10.3 million. Two Point O Capital and PowerUp Money each logged $10 million.
Together, these five deals come to roughly $120.9 million, which is about 85% of the week's total. Eloelo alone accounts for more than half of the $142 million. Outside the top five, the remaining deals added up to only about $21 million.
On the investor side, Crane Venture Partners was among the most active, backing both Peppermint Robotics and Armatrix. Omnivore invested in altM, one of the two $10 million-plus rounds just behind Peppermint Robotics.
The year-on-year decline shows that weekly funding totals still depend heavily on a small number of large cheques. When one round of $80 million makes up most of a week's total, the headline figure can swing sharply depending on whether a deal of that size closes.
The mid-sized rounds of about $10 million each suggest investors are still writing cheques at that level across different segments, with robotics, fintech-linked and other businesses all appearing on the list.
