1. Deals Analysis
November 28, 2020updated 01 Dec 2020 4:19pm

Technology industry cross border venture financing deals total $3.29bn globally in October 2020

ANDENES INVESTMENTS, GPS Ventures, Macquarie Group – London, Patron Capital and yabeo Capital’s $343.86m venture financing of Molo Tech was the technology industry’s top cross border venture financing deal as total deals worth $3.29bn were announced globally in October 2020, according to GlobalData’s deals database

The value marked a decrease of 37.8% over the previous month and a drop of 8.4% when compared with the last 12-month average, which stood at $3.59bn.

Comparing cross border venture financing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.18bn. At the country level, the US topped the list in terms of deal value at $1.14bn.

In terms of volumes, Europe emerged as the top region for technology industry cross border venture financing deals globally, followed by North America and then Asia-Pacific.

The top country in terms of cross border venture financing deals activity in October 2020 was the US with 51 deals, followed by the UK with 24 and Israel with 21.

In 2020, as of October, technology cross border venture financing deals worth $30.61bn were announced globally, marking a decrease of 7.2% year on year.

Technology industry cross border venture financing deals in October 2020: Top deals

The top five technology industry cross border venture financing deals accounted for 36.1% of the overall value during October 2020.

The combined value of the top five technology cross border venture financing deals stood at $1.19bn, against the overall value of $3.29bn recorded for the month.

The top five technology industry cross border venture financing deals of October 2020 tracked by GlobalData were:

1) ANDENES INVESTMENTS, GPS Ventures, Macquarie Group – London, Patron Capital and yabeo Capital’s $343.86m venture financing of Molo Tech

2) The $315m venture financing of ZKH Industrial Supply by China Structural Reform Fund, Eastern Bell Capital, Genesis Capital China, GLP-C&D Equity Investment Fund, Legend Capital, Matrix Partners China, Shenzhen Cowincapital, Tencent Holdings, Tiger Management, Xiamen C&D and Yunfeng Capital

3) Accel, Atomico, Glynn Capital Management, LGT Lightstone Europe, Mousse Partners, NewView Capital, Spark Capital and Y Combinator Management’ $200m venture financing of MessageBird

4) The $170m venture financing of Faire Wholesale by , D1 Capital Partners, Dragoneer Investment Group, DST Global, Forerunner Ventures, Founders Fund, Khosla Ventures, Lightspeed Management Company, Norwest Venture Partners, Sequoia Capital Operations and Y Combinator Management

5) BlackRock, BPI France, Bridgepoint Advisers and Partech Ventures’s venture financing of Sendinblue for $160m.

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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