Total financial services industry venture financing deals in Q1 2019 worth $3.93bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 34.8% over the previous quarter and a drop of 28.4% when compared with the last four-quarter average, which stood at $5.5bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.08bn. At the country level, the US topped the list in terms of deal value at $2.07bn.
In terms of volumes, North America emerged as the top region for financial services industry venture financing deals globally, followed by Asia-Pacific and then Europe.
The top country in terms of venture financing deals activity in Q1 2019 was the US with 126 deals, followed by the UK with 16 and China with ten.
In 2019, as of the end of Q1 2019, financial services venture financing deals worth $3.93bn were announced globally, marking an increase of 383.6% year on year.
Financial services industry venture financing deals in Q1 2019: Top deals
The top five financial services industry venture financing deals accounted for 29.6% of the overall value during Q1 2019.
The combined value of the top five financial services industry venture financing deals stood at $1.16bn, against the overall value of $3.93bn recorded for the quarter. The top announced financial services industry venture financing deal tracked by GlobalData in Q1 2019 was Greenoaks Capital Management’s $500m venture financing of Clover Health.
In second place was the $300m venture financing of N26 Bank by GIC and Insight Venture Partners and in third place was Baloise Holding, GMPVC German Media Pool and SevenVentures’ $128.87m venture financing of FRIDAY (Germany).
The $119.75m venture financing of TradePlus24 by Berliner Volksbank Ventures, Credit Suisse Group and SIX Fintech Ventures and Index Ventures, PayPal Holdings, Ribbit Capital and Thrive Capital’s venture financing of Raisin for $114m 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. 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.