Total payments venture financing deals in Q4 2018 worth $827.67m were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 31.6% over the previous quarter and a drop of 79.6% when compared with the last four-quarter average, which stood at $4.06bn.
Comparing deals activity in different regions of the globe, North America held the top position, with total announced deals in the period worth $659.1m. At the country level, the United States topped the list in terms of deal value at $652.6m.
In terms of volumes, North America emerged as the top region for payments venture financing deals globally, followed by Asia-Pacific and then Europe.
The top country in terms of venture financing deals activity in Q4 2018 was the United States with 17 deals, followed by the United Kingdom with 4 and China with 4.
In 2018, as of the end of Q4, payments venture financings worth $16.44bn were announced globally, marking an increase of 841.3% year on year.
Payments venture financing deals in Q4 2018: Top deals
The top five payments venture financing deals accounted for 66.9% of the overall value during Q4 2018.
The combined value of the top five payments venture financing deals stood at $554m, against the overall value of $827.67m recorded for the quarter.
The top announced payments venture financing deal tracked by GlobalData in Q4 2018 was Andreessen Horowitz, Institutional Venture Partners, Polychain Capital, Tiger Global Management and Y Combinator’s $300m venture financing of Coinbase.
In second place was DST Global, Greenoaks Capital Management and Institutional Venture Partners’ venture financing of Brex for $125m and in third place was First Data, ORIX Growth Capital, Salesforce Ventures, Square 1 Bank and Tribeca Venture Partners’ $65m venture financing of ShopKeep.
Jefferies International and Silicon Valley Bank’s $34m venture financing of Petal Card, and Greg Kidd and Hard Yaka’s venture financing of Yoyo Wallet for $30m held fourth and fifth positions, respectively.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.