Tech funding soars 439.74% MoM in April

Year-on-year, tech funding rose 546.72%.

Tech funding surged 439.74% month-on-month (MoM) to $434m in April from $80.4m in March, Traxcn reported.

Year-on-year (YoY), tech funding rose 546.72%.+

Late-stage funding accounted for 80.7% of total funding during the period, whilst early-stage funding made up the remaining 18.7%.

Top deals included Supabase ($200), Thunes ($150m), and Cinch ($28.8m).

The top investors were Accel, Z Venture Capital, and Tin Men, each participating in one deal. Meanwhile, Vitruvian Partners led private equity funds, and Y Combinator led the incubators.

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