Some investors are still spending money: India-based CRM LeadSquared announced a $153 million Series C, bringing total funding to $188 million.  In an unusually revealing report, the company says it had about $25 million revenue last year and 1,200 employees, yielding $22,000 revenue per employee.  That’s less than one-tenth of HubSpot or Salesforce.  Not good or bad, but interesting.

The past year has been tough for all kinds of tech investments.  This LUMA report offers an overview of martech, adtech, and content tech financial activity in public markets, private financing, and mergers and acquisitions.  To summarize a mixed picture: the bleeding has stopped but growth has not yet resumed.