1. Deals Analysis
December 20, 2021

Europe’s technology industry saw a drop of 38.10% in artificial intelligence deal activity during November 2021

By Carmen

Europe’s technology industry saw a drop of 38.10% in artificial intelligence deal activity during November 2021, when compared with the last 12-month average, led by ACE &SA, EQT Ventures Fund, Octopus Ventures and SoftBank Vision Fund 2’s $75m venture financing of Permutive, according to GlobalData’s deals database.

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A total of 39 technology industry artificial intelligence deals worth $285.8m were announced for the region in November 2021, against the 12-month average of 63 deals.

Of all the deal types, venture financing saw most activity in November 2021 with 31 transactions, representing a 79.5% share for the region.

In second place was M&A with seven deals, followed by private equity deals with one transactions, respectively capturing an 18% and 2.6% share of the overall artificial intelligence deal activity for the month.

In terms of value of artificial intelligence deals, venture financing was the leading category in Europe’s technology industry with $215.27m, while M&A and private equity deals totalled $68.45m and $2.03m, respectively.

Europe technology industry artificial intelligence deals in November 2021: Top deals

The top five technology artificial intelligence deals accounted for 65.6% of the overall value during November 2021.

The combined value of the top five technology artificial intelligence deals stood at $187.45m, against the overall value of $285.8m recorded for the month.

The top five technology industry artificial intelligence deals of November 2021 tracked by GlobalData were:

1) ACE &SA,EQT Ventures Fund,Octopus Ventures and SoftBank Vision Fund 2 $75m venture financing deal with Permutive

2) The $55m acquisition of video intelligence by Outbrain

3) Canaan Partners,GGV Capital,Mango Capital,SAP.io Fund and Yunqi Partners $30m venture financing deal with Jina AI

4) The $14m venture financing of Minoro(Kneele.ai) by Episode 1 Ventures,Octopus Ventures and Superseed Ventures

5) Insig AI $13.45m acquisition deal with FDB Systems

Verdict deals analysis methodology

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. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

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.

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