Europe’s technology industry saw a rise of 10.71% in artificial intelligence deal activity during January 2021, when compared with the last 12-month average, led by BP Ventures, Business Growth Fund, Doxa Partners, Halma, HostPlus, IP Group, Palo Alto Venture Partners and Tencent Holdings’ $47m acquisition of Oxbotica, according to GlobalData’s deals database.
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A total of 62 technology industry artificial intelligence deals worth $266.25m were announced for the region in January 2021, against the 12-month average of 56 deals.
Of all the deal types, venture financing saw most activity in January 2021 with 41 transactions, representing a 66.1% share for the region.
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By GlobalDataIn second place was M&A with 19 deals, followed by private equity deals with two transactions, respectively capturing a 30.7% and 3.2% 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 $241.4m, while M&A and private equity deals totalled $20.8m and $4.05m, respectively.
Europe technology industry artificial intelligence deals in January 2021: Top deals
The top five technology artificial intelligence deals accounted for 61.5% of the overall value during January 2021.
The combined value of the top five technology artificial intelligence deals stood at $163.82m, against the overall value of $266.25m recorded for the month.
The top five technology industry artificial intelligence deals of January 2021 tracked by GlobalData were:
1) BP Ventures, Business Growth Fund, Doxa Partners, Halma, HostPlus, IP Group, Palo Alto Venture Partners and Tencent Holdings’ $47m venture financing of Oxbotica
2) The $43m venture financing deal with iziwork by BPI France and Cathay Innovation Fund
3) Alven Capital Partners, Kerala Ventures and Singular Ventures’ $42.42m venture financing of Georges Tech
4) The $18m acquisition of Once Dating by Dating Group
5) VEB Ventures’ venture financing of Zyfra for $13.4m.
