Europe’s technology industry saw a drop of 3.39% in artificial intelligence deal activity during February 2021, when compared with the last 12-month average, led by AppLovin’s $1bn acquisition of Adjust, according to GlobalData’s deals database.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 57 technology industry artificial intelligence deals worth $1.69bn were announced for the region in February 2021, against the 12-month average of 59 deals.
Of all the deal types, venture financing saw most activity in February 2021 with 39 transactions, representing a 68.4% share for the region.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn second place was M&A with 16 deals, followed by private equity deals with two transactions, respectively capturing a 28.1% and 3.5% share of the overall artificial intelligence deal activity for the month.
In terms of value of artificial intelligence deals, M&A was the leading category in Europe’s technology industry with $1.45bn, followed by venture financing deals totalled $243.59m.
Europe technology industry artificial intelligence deals in February 2021: Top deals
The top five technology artificial intelligence deals accounted for 92.7% of the overall value during February 2021.
The combined value of the top five technology artificial intelligence deals stood at $1.57bn, against the overall value of $1.69bn recorded for the month.
The top five technology industry artificial intelligence deals of February 2021 tracked by GlobalData were:
1) AppLovin’s $1bn acquisition of Adjust
2) The $450m acquisition deal with Runtime Collective by Cision
3) Bregal Milestone, Draper Esprit VCT, Partech Ventures and TESI’s $80m venture financing of M-Files
4) The $21m venture financing of Peak AI by Arete Ventures, MMC Ventures, Oxx and Praetura Ventures
5) Metaplanet Holdings, Monashees, Mosaic Ventures and Notion Capital’s venture financing of Vortexa for $19m.
