Led by $350m merger of Collective Growth and Innoviz Technologies, Middle East and Africa’s technology industry saw a rise of 4.30% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.

  • 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 97 cross border deals worth $1.55bn were announced for the region during Q4 2020, against the last four-quarter average of 93 deals.

Of all the deal types, venture financing saw most activity in Q4 2020 with 66, representing a 68% share for the region.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

In second place was M&A with 23 deals, followed by private equity deals with eight transactions, respectively capturing a 23.7% and 8.3% share of the overall cross border deal activity for the quarter.

In terms of value of cross border deals, venture financing was the leading category in Israel’s technology industry with $821.36m, while M&A and private equity deals totalled $494.73m and $236.65m, respectively.

Middle East and Africa technology industry cross border deals in Q4 2020: Top deals

The top five technology cross border deals accounted for a 53.1% share of the overall value during Q4 2020.

The combined value of the top five cross border deals stood at $825.29m, against the overall value of $1.55bn recorded for the quarter.

The top five technology industry cross border deals of Q4 2020 tracked by GlobalData were:

1) The $350m merger of Collective Growth and Innoviz Technologies

2) The $139.29m private equity deal with OctotelLimited by Actis

3) Acrew Capital, Aspect Ventures, Coatue Management, Greylock Partners, Lightspeed Management Company, Shlomo Kramer and Singtel Innov8 Ventures’ $130m venture financing of Cato Networks

4) The $106m venture financing deal with INUITIVE by Dor Tzafniuk, Shlomo Gadot and Yinniu Microelectronics (Wuxi)

5) CyberStarts, Index Ventures and Insight Partners’ venture financing with Wiz for $100m.