Total technology industry cross border venture financing deals worth $1.3bn were announced in the UK in July 2021, led by $800m venture financing of Revolut, according to GlobalData’s deals database.
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The value marked an increase of 103.5% over the previous month of $619.23m and a rise of 183.3% when compared with the last 12-month average of $444.84m.
The UK held an 11.11% share of the global technology industry cross border venture financing deal value that totalled $11.34bn in July 2021.
In terms of cross border venture financing deal activity, the UK recorded 39 deals during July 2021, marking an increase of 11.43% over the previous month and a rise of 44.44% over the 12-month average.
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By GlobalDataUK technology industry cross border venture financing deals in July 2021: Top deals
The top five technology industry cross border venture financing deals accounted for 86.5% of the overall value during July 2021.
The combined value of the top five technology cross border venture financing deals stood at $1.09bn, against the overall value of $1.3bn recorded for the month.
The top five technology industry cross border venture financing deals of July 2021 tracked by GlobalData were:
1) Revolut $800m venture financing deal with SoftBank Vision Fund II and Tiger Global Management
2) The $153m venture financing of Quantexa by ABN AMRO Ventures,AlbionVC,British Patient Capital,Dawn Capital,Evolution Equity Partners,HSBC and Warburg Pincus
3) Yapily $51m venture financing deal with HV Capital Adviser,Lakestar Capital,Latitude (UK) and Sapphire Ventures
4) The $34m venture financing of SEDNA Systems by Chalfen Ventures,Insight Partners,SAP.iO Fund and Stride.VC
5) Yoobic $50m venture financing deal with BNF Capital,Felix Capital Partners,Highland Europe Technology Growth and Insight Partners
