1. Deals Analysis
May 25, 2022

Technology industry big data venture financing deals total $938.7m in North America in April 2022

By Carmen

Total technology industry big data venture financing deals worth $938.7m were announced in North America in April 2022, led by $240m venture financing of Grafana Labs, according to GlobalData’s deals database.

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The value marked a decrease of 28.3% over the previous month of $1.31bn and a drop of 55.5% when compared with the last 12-month average of $2.11bn.

North America held a 72.21% share of the global technology industry big data venture financing deal value that totalled $1.3bn in April 2022. With a 71.44% share and deals worth $928.71m, the US was the top country in North America’s big data venture financing deal value across technology industry.

In terms of big data venture financing deal activity, North America recorded 29 deals during April 2022, marking a decrease of 47.27% over the previous month and a drop of 39.58% over the 12-month average. The US recorded 28 deals during the month.

North America technology industry big data venture financing deals in April 2022: Top deals

The top five technology industry big data venture financing deals accounted for 66.05% of the overall value during April 2022.

The combined value of the top five technology big data venture financing deals stood at $620m, against the overall value of $938.7m recorded for the month.

The top five technology industry big data venture financing deals of April 2022 tracked by GlobalData were:

1) Coatue Management,GIC,JPMorgan Chase,Lead Edge Capital Management,Lightspeed Venture Partners – US and Sequoia Capital Operations $240m venture financing deal with Grafana Labs

2) The $175m venture financing of Harness by Adage Capital Partners,Alkeon Capital,Balyasny Asset Management,Battery Ventures,Capital One Growth Ventures,Citi Ventures,Gaingels,Google Ventures,Harmonic Growth Partners,IVP LuxCo,J.P. Morgan Asset Management,Menlo Ventures,Norwest Venture Partners XII,ServiceNow Ventures,Silicon Valley Bank,Sorenson Capital Partners,Splunk Ventures,Thomvest Ventures and Unusual Ventures

3) G Squared and G2 Venture Partners $100m venture financing deal with LinkSquares

4) The $54m venture financing of Tive by AXA Venture Partners,Broom Ventures,Fifth Wall Ventures,Floating Point,Hyperplane Venture Capital,NextView Ventures,Qualcomm Ventures,RRE Ventures,SJF Ventures,Sorenson Capital Partners,Supply Chain Ventures and Two Sigma Ventures

5) Kayne Partners,Long Ridge Equity Partners and Synchrony Financial $51m venture financing deal with Treez

Verdict deals analysis methodology

This analysis considers only announced and completed big data 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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