ETtech Deals Digest: Startups Raise $282 Million This Week, A 4x YoY Increase

Startups raised $282 million this week, a 4.3 times increase from last year, with 17 transactions recorded compared to 53 a year ago. The top deals of the week included PostHog raising $75 million, Kapiva raising $60 million, Recur Club raising $50 million, GrowXCD raising $22.5 million, and Art of Time raising $19.7 million.

San Francisco, CA - September 12, 2025 - According to data from the latest funding rounds, startups raised a total of $282 million this week, marking a 4.3 times increase from the same period last year. This week saw 17 transactions, compared to 53 transactions recorded in the previous year. The top deals of the week included PostHog raising $75 million, Kapiva raising $60 million, Recur Club raising $50 million, GrowXCD raising $22.5 million, and Art of Time raising $19.7 million Debt marketplace Recur Club raises $50 million from InfoEdge Ventures, others^[2].

Among the notable deals, Recur Club, a debt marketplace for startups and small and medium-sized enterprises (SMEs), stands out. The company raised $50 million, with $8 million in equity funding led by InfoEdge Ventures and participation from LC Nueva, Physis Capital, String Ventures, and iA Finvolve. The remaining $42 million is debt from financial institutions such as Incred, Ugro Capital, Aditya Birla Capital, and Lighthouse Canton Debt marketplace Recur Club raises $50 million from InfoEdge Ventures, others^[2].

Recur Club plans to use the funding to scale its team and enhance its technology offerings, including the integration of AI to automate services. The platform, which claims to save over 80% of time spent on data collection and deal execution, has provided credit to over 2,000 companies across various sectors. The company's ambition is to power 2% of India’s $1 trillion SME and startup debt market by 2030 Debt marketplace Recur Club raises $50 million from InfoEdge Ventures, others^[2].

Another significant deal was Eve, a San Francisco-based startup that makes artificial intelligence tools for plaintiffs' law firms. Eve raised $103 million at a $1 billion valuation. The funding round was led by venture capital firm Spark Capital, with participation from Andreessen Horowitz, Lightspeed Venture Partners, and Menlo Ventures Legal AI startup Eve for plaintiffs' lawyers hits $1 billion valuation with new funding^[1].

Eve's technology helps plaintiffs' lawyers evaluate new cases, draft documents, generate medical chronologies, and manage discovery requests. The company has over 450 law firm customers and has raised $164 million in total. This deal reflects the growing interest in AI tools for plaintiffs' lawyers, a segment that has traditionally been underserved by technology companies Legal AI startup Eve for plaintiffs' lawyers hits $1 billion valuation with new funding^[1].

The increase in funding rounds and the significant deals this week highlight the continued growth and innovation in the startup ecosystem. As AI continues to transform various industries, companies like Recur Club and Eve are leading the way in leveraging technology to provide more efficient and accessible solutions.