Total technology industry venture financing deals worth $7bn were announced in the US in January 2021, led by $525m venture financing of Lacework, according to GlobalData’s deals database.

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The value marked an increase of 9.2% over the previous month of $6.41bn and a rise of 38.6% when compared with the last 12-month average of $5.05bn.

The US held a 48.78% share of the global technology industry venture financing deal value that totalled $14.35bn in January 2021.

In terms of venture financing deal activity, the US recorded 292 deals during January 2021, marking a decrease of 26.63% over the previous month and a drop of 18.66% over the 12-month average.

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US technology industry venture financing deals in January 2021: Top deals

The top five technology industry venture financing deals accounted for 25.4% of the overall value during January 2021.

The combined value of the top five technology venture financing deals stood at $1.78bn, against the overall value of $7bn recorded for the month.

The top five technology industry venture financing deals of January 2021 tracked by GlobalData were:

1) Altimeter Capital Management, Coatue Management, D1 Capital Partners, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures, Sutter Hill Ventures and Tiger Global Management’s $525m venture financing of Lacework

2) The $520m venture financing of ROBLOX by Altimeter Capital Management, Dragoneer Investment Group, Investment Group of Santa Barbara and WMG Boost

3) ICONIQ Capital and OpenView Advisors’ $350m venture financing of Calendly

4) The $200m venture financing of Quantum Metric by Insight Partners

5) Baillie Gifford, Durable Capital Partners and Fidelity Management & Research’s venture financing of Lyra Health for $187m.