1. to stop supporting or endorsing someone or something; to remove financial, political, or moral support
The investor decided to withdraw backing from the startup due to poor performance.
O investidor decidiu retirar apoio da startup devido ao desempenho ruim.
2. to cease providing financial resources or funding to a project or person
After the scandal, several sponsors withdrew backing for the event.
Após o escândalo, vários patrocinadores retiraram o apoio ao evento.