1. Deals Analysis
July 20, 2021

Technology industry cross border venture financing deals total $3.4bn in Europe in June 2021

By Carmen

Total technology industry cross border venture financing deals worth $3.4bn were announced in Europe in June 2021, led by $1bn venture financing of Celonis, according to GlobalData’s deals database.

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The value marked an increase of 23.02% over the previous month of $2.78bn and a rise of 113.8% when compared with the last 12-month average of $1.6bn.

Europe held a 27.12% share of the global technology industry cross border venture financing deal value that totalled $12.61bn in June 2021. With a 10.86% share and deals worth $1.37bn, Germany was the top country in Europe’s cross border venture financing deal value across technology industry.

In terms of cross border venture financing deal activity, Europe recorded 124 deals during June 2021, marking a decrease of 5.34% over the previous month and a rise of 40.91% over the 12-month average. The UK recorded 35 deals during the month.

Europe technology industry cross border venture financing deals in June 2021: Top deals

The top five technology industry cross border venture financing deals accounted for 57.3% of the overall value during June 2021.

The combined value of the top five technology cross border venture financing deals stood at $1.96bn, against the overall value of $3.4bn recorded for the month.

The top five technology industry cross border venture financing deals of June 2021 tracked by GlobalData were:

1) Arena Holdings, Durable Capital Partners, Franklin Templeton Investments, Splunk Ventures and T Rowe Price Associates’ $1bn venture financing of Celonis

2) The $380m venture financing of Ledger by 10T Holdings, Alliance Entreprendre, Animoca Brands Ltd , Ascendant Ventures, Caisse d Epargne Loire Centre, CapHorn Invest, Cardinal Capital Partners, Cathay Innovation , Cite Gestion, Crypto.com Capital, Digital Currency Group, Draper Associates, Draper Dragon, Draper Esprit, Fabric Ventures, Felix Capital Partners, Financiere Agache Investissement, FirstMark Capital, Global Founders Capital, iAngels Technologies, Inherent Group, Korelya Capital, Libertus Capital II, Marcy Venture Partners, Mutuelle d’Assurances du Corps de Sante Francais, Rosemoor Capital Management, Scott Galloway, Tekne Capital Management, The Maze Group, Uphold Ventures, Warburg Serres Investments and Wicklow Capital

3) Coatue Management, DN Capital (US), Dragoneer Investment Group, DST Global, Left Lane Capital, SoftBank Vision Fund two and Tencent Holdings’ $240.88m venture financing of GoStudent

4) The $182.67m venture financing of SScalable Capital by BlackRock, HV Holtzbrinck Ventures Adviser, Tencent Holdings and Tengelmann Ventures

5) Balderton Capital, Index Ventures and Makers Fund’ venture financing of Dream Games for $155m.

Verdict deals analysis methodology

This analysis considers only announced and completed artificial intelligence 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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