1. Deals Analysis
March 28, 2022

Technology industry big data Venture Financing deals total $1.9bn in US in February 2022

By Carmen

Total technology industry big data Venture Financing deals worth $1.9bn were announced in the US in February 2022, led by $250m Venture Financing of Starburst Data, according to GlobalData’s deals database.

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The value marked an increase of 65.8% over the previous month of $1.17bn and a drop of 5.4% when compared with the last 12-month average of $2.05bn.

The US held a 74.90% share of the global technology industry big data Venture Financing deal value that totalled $2.59bn in February 2022.

In terms of big data Venture Financing deal activity, the US recorded 33 deals during February 2022, marking an increase of 10.00% over the previous month and a drop of 29.79% over the 12-month average.

US technology industry big data Venture Financing deals in February 2022: Top deals

The top five technology industry big data Venture Financing deals accounted for 50.8% of the overall value during February 2022.

The combined value of the top five technology big data Venture Financing deals stood at $987m, against the overall value of $1.9bn recorded for the month.

The top five technology industry big data Venture Financing deals of February 2022 tracked by GlobalData were:

1) Alkeon Capital,Altimeter Capital Management,Andreessen Horowitz,B Capital Group,Coatue Management,Index Ventures and Salesforce Ventures $250m venture financing deal with Starburst Data

2) The $222m venture financing of Fishtown Analytics by Altimeter Capital Management,Amplify Partners,Andreessen Horowitz,Coatue,Databricks,GIC,GVA Capital,ICONIQ Growth,Salesforce Ventures,Sequoia Capital Operations,Snowflake and Tiger Global Management

3) Andreessen Horowitz,Coatue Management,DFJ Growth Fund,Lightspeed Venture Partners – US,Pantera Capital Management and Silver Lake Management $200m venture financing deal with Alchemy Insights

4) The $175m venture financing of BloomReach by Bain Capital Ventures,Goldman Sachs Asset Management and TPG Sixth Street Partners

5) Advent International,Alkeon Capital,CapitalG,DFJ Growth Management,S Capital,Sequoia Capital Operations,Tenaya Capital and Y Combinator $140m venture financing deal with Salt Security

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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